TAPE is giving a "classic buying opportunity of a lifetime"...when S&P 500 & Dow go below 50 DMA and Nasdaq does not, then it is a classic pattern of Nasdaq giving you a buy buy signal..always follow the strength not weakness.....
S&P 500 @ 1993.53, low 1982.28, high 2018.69
Internals are negative by 2 to 1
Oil Down $2.06
Gold Down $20.50
Canadian $ Down 68 tick @ 84.51
VIX Down 1.14% @ 20.84..sign of topping out...
In my portfolio :
Added 150% MU @ $33.30
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are down
@ 2.48 following are green :
LULU AKS SWIR OTEX YELP TWTR EXPE KORS
BABA RVBD SINA MA V SPWR CRUS BRCM
FNSR PANW M DATA MGA TRLA MLNX
Z......
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
It sure feels like a Turnaround Tuesday is coming. I hope we gap down big tomorrow morning.
Stocktrader
Hi Stocktrader,
Market may oblige you as far as closing goes.
Saleem
Hey Saleem,
Russia attempted to defend its currency taking steps after the bell today. If it does provide any kind of relief to the continuing crisis, it might be a gap up tomorrow instead! :)
Such a crazy game the market is right now--1% moves are no problem in either direction. No wonder the $VIX is above 20.
Stocktrader
Post a Comment