Tuesday, August 5, 2014

Indices down 1.13% to 1.30%....

Indices are taking on the chin on weak Chinese data & stronger data in US, interest rate hike in US is the latest worry plus Ukraine is back in the news. Dow is the weakest followed by S&P 500 who made lower lows but Nasdaq is above previous low.

S&P 500 @ 1914.77, low 1913.77, high 1936.34

Internals are negative by 3 to 1 in NYSE & 2 to 1 in Nasdaq

Oil Down $1.12

Gold UP $2.70 cents

Canadian $ Down 58 tick @ 90.37...new low against US$ in months.

VIX UP 12.17% @ 16.96

Portfolio EGO FB LULU MU RAD SWIR

Most stocks are down

@ 2.05 following are green :

EGO GTAT TWTR KORS COH RVBD JKS TSL CSIQ
FFIV ONVO INVN HIMX LSCC X AEM WLT
AGU.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hey Saleem,

Went on a buying spree--posted the trades on your morning comment.

I think this was the perfect buying opportunity based on "worst case" rumors.

I have about 10% cash now.

Stocktrader

Stocks100 said...

Hi Stocktrader,

I saw that......

Buying low is a good idea$$$$$

Saleem