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
Hey Saleem,
ReplyDeleteOne 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,
ReplyDeleteSold GM @ $33.82
Bought FB @ $72.70
Saleem
Hey Saleem,
ReplyDeleteOh, interesting last minute moves. Sticking with strength is always a good idea.
Tomorrow should be quite the day...
Stocktrader