Indices are tumbling on Argentina, escalation in Gaza, fear of US interest rate going up & impact of fresh sanctions against Russia.
S&P 500 @ 1942.52, low 1937.46, high 1965.14....currently below 50 DMA , Dow well below 50 DMA but Nasdaq still above 50 DMA & have not violated this key support...so there is hope for a turnaround either before close or Friday with good jobs report.
Internals are negative by 7 to 1 in NYSE & 5 to 1 in Nasdaq....this is capitulation......
Oil Down $1.65
Gold Down $13.10
Canadian $ UP 10 tick @ 91.09...GDP came in +2.3%
VIX UP 19.13% @ 15.88..high 16.30
Portfolio EGO GM LULU MU RAD SWIR
Most stocks are down
@ 2.31 following are green :
RAD OTEX GRPN KOG INVN HIMX BRCM
LRCX JDSU JCP X ...
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
One of these days DATA will be down big after earnings. Since they basically have zero subscription revenue, they could be a victim of a slow sales cycle at some point, and I really don't think anyone's expecting that...
Stocktrader
Hi Stocktrader,
Sold GM @ $33.82
Bought FB @ $72.70
Saleem
Hey Saleem,
Oh, interesting last minute moves. Sticking with strength is always a good idea.
Tomorrow should be quite the day...
Stocktrader
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