TAPE is having an oversold bounce after Fed minutes were released, many fed members wanted to eliminate "considerable time" from statement, meaning interest will be rising earlier than previous expectations.
S&P 500 @ 1952.66, low 1925.15 lower than previous low, high 1952.66
Internals are positive
Oil Down $1.32
Gold UP $2.50
Canadian $ Down 25 tick @ 88.53
VIX Down 9.77% @ 15.52
Portfolio AKS EGO LULU MU NXPI SWIR
Most stocks are UP
@ 2.13 following are red :
AKS BBRY GTAT QIHU TSL JCP EXPE BIDU
LNKD TSLA GRPN WUBA RVBD LVS
KOG JKS CSIQ SU FFIV FEYE INVN
ZNGA FNSR DATA SPWR CSOD
MGA WLT.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I thought the Fed minutes read pretty dovish with them recognizing risks to the US economy based on world weakness.
I think this might be the chance for small caps to finally run into year end with the Fed potentially staying low for longer.
Stocktrader
Hi Stocktrader,
YES..many concern about weak economy, good for markets.
Saleem
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