Oil tumble is taking stock market with it. Indices closed @ low of the day.
S&P 500 @ 2002.33, high 2032.25
RSI @ 37.39
CMF @ 0.084
Internals were :
Down volume led by 5.96 to 1 in NYSE & 3.04 to 1 in Nasdaq
Declining stocks led by 3.80 to 1 in NYSE & 2.48 to 1 in Nasdaq
Net new 52 wk lows were leading by 307 in NYSE & 125 in Nasdaq
VIX UP 4.98% @ 21.08
Oil @ $57.81
Gold @ $1222.50
Canadian $ @ 84.19
Stocks which were UP 1% or more included LULU
JCP TWTR LNKD WUBA COH SINA DNKN
YUM WB YNDX ZNGA M....
Here is my weighting :
LULU 30.17%
EGO 25.22
BBRY 14.41%
NXPI 11.97%
TSL 7.18%
MU 5.55%
AKS 5.50%
Exposure 190%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Salem, if oil producing countries have to print money to offset oil price decline wouldn't this be positive for gold? Thanks charlie
Hi Charlie,
Gold has been steady despite slump in oil which is a good thing. Gold is UP because India has removed all conditions for import and many countries are asking for physical gold for their Central bank......
Saleem
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