TAPE is staging a muted oversold bounce so far.
S&P 500 @ 1888.15, high 1898.71, low 1876.18
Internals are positive by minimum 2 to 1
Oil Down $2.10
Gold UP $4.40
Canadian $ Down 69 tick @ 87.35..lowest level in 6 months
VIX Down 7.43% @ 22.81
Portfolio AKS EGO LULU MU NXPI
Most stocks are UP
@ 1.45 following are red :
EGO EXPE BIDU AAPL BABA WUBA JKS
SU YUM V GMCR MGA TRIP......
BLOG does NOT give buy or sell.
Saleem
5 comments:
Airlines are way up, wow.
RAD bounced.
Utilities are up.
Oil crashing down.
VIX going back up.
And... the S & P falls into the red.
Hi Firebird,
BUT..everything else is fine ?
What else is new ?
Saleem
Hey guys,
It seems oil being down so big is part of some kind of commodity or hedge fund blowup. This is putting pressure on the whole market right now. The fundamentals support a market higher, but we have a liquidity event currently. We'll have to see how Asia handles this commodity liquidation. It might set up a nice buy opportunity tomorrow if we get that morning gap down.
Stocktrader
I'm all cash and watching.
I didn't loose too much with CNQ; It had just shocked me. And I should have seen it coming.
Life is good on the whole.
Hey guys,
Although Ireland is closing their tax loophole which might be affecting AAPL, I think liquidation is part of its underperformance today--sell what you can and it definitely has been a favorite of many investors in recent months.
Stocktrader
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