Indices are mixed after lower opening.
S&P 500 @ 1867.65, high 1876.01, low 1835.02
Internals are positive by 2 to 1
Oil UP 96 cents
Gold Down $4.00
Canadian $ UP 7 tick @ 87.54
VIX Down 3.50% @ 25.33
Portfolio AKS EGO LULU MU NXPI
Most stocks are UP
@ 3.21 following are red :
EGO LEN QIHU OTEX TWTR LNKD TSLA
GOOGL AAPL FB RVBD COH AMZN
DNKN CMG EBAY FFIV MA ARUN
NFLX GMCR MCD X AEM TRLA
Z GS AGU......
BLOG does NOT give buy or sell.
PS...was tied up with an important task, thus BLOG delayed.
Saleem
2 comments:
Hey Saleem,
Reduced some exposure, mostly in the cyclical areas:
Sold JKS @ 22.704
Sold AA @ 14.571
Sold YELP @ 67.261
Sold NXPI @ 61.547
Sold LYB @ 89.80
I might sell some more stocks if we get a gap up open tomorrow. Although it was certainly easy to get an oversold bounce in many stocks, it still looks like mutual and hedge funds are too overweight stocks based on underperformers like AAPL. Also note the AAII saw a bounce in bullishness this week (although Investors Intelligence crashed). It seems too easy for this to be the actual bottom?
Stocktrader
Hi Stocktrader,
It is important to be extremely comfortable in a volatile market.
Things may stay this way for a while.
Saleem
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