TAPE digested EBOLA news in stride & closed near high of the day.Nasdaq is showing relative strength by closing above 50 DMA.
S&P 500 @ 1964.58, high 1965.27, low 1946.27
RSI @ 55.88
CMF @ -0.018
Internals were :
UP volume led by 2.04 to 1 in NYSE & 2.21 to 1 in Nasdaq
Advancing stocks led by 1.65 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk highs were leading by 57 in NYSE & by 1 in Nasdaq
VIX Down 2.54% @ 16.11
Oil @ $81.01
Gold @ $1231.80
Canadian $ @ 77.73
Stocks which were UP 1% or more included NXPI
LEN OTEX YY YELP EXPE YHOO BIDU
BABA RVBD DNKN FEYE CRUS
LSCC M SPLK SBUX CCJ MS
DATA CSOD MGA GS
AGU.....
Here is my weighting :
LULU 29.06%
EGO 25.16%
MU 23.36
NXPI 13.14%
AKS 9.28%
Exposure 179%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Cramer says PAY is a good stock.
It's related to the Apple iPhone payment system - the security aspect I think.
It's up a lot though atm. It might be good if people forget about it and it drops back a bit.
It sounds like people might switch to devices like the iPhone for security. However, I don't think there's much for alternative atm.
I can't say Cramer's usually right, haha.
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I'm also still watching NUSMF. It went up 200% just before I was going to buy it, when at .2. It's a good story stock that might not be profitable at current prices and technology.
Hi Firebird,
In stock selection everybody has their own low point in either they are wrong or miss good stock completely.
A diversified portfolio works, slow and steady wins the race.
Knowing your own stocks is the key.
Saleem
Hey guys,
Barron's talked up PAY this weekend also. It will be too hot on Monday...
Stocktrader
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