Indices are staging an oversold bounce on good retail data.
S&P 500 @ 2042.28, high 2055.53, low 2027.92
Internals are positive by 2 to 1
Oil Down 85 cents..new 5 year low
Gold Down 70 cents
Canadian $ Down 62 tick @ 84.57..new 5 year low
VIX Down 3.67% @ 17.85, low today 15.94
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 2.43 PM following are red :
EGO GG OWW JKS WB FEYE SPWR YNDX
CRUS ZNGA SNDK AMCC SPLK STLD
X ABX SLW AEM CCJ AGU.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
To follow up from the brief message I posted before I left:
Sold GM @ 32.32
Sold AAPL @ 112.404
Sold RUTH @ 13.119
The high yield bond indices hit 52-wk lows today (HYG,JNK), deteriorating late in the session. I know this is heavily related to the oil decline, but credit problems tend to affect the market greatly, so I wanted to get on the sidelines for now. I still have a few positions that are restricted for sale due to 3-day rule, but will look to liquidate those too unless credit issues repair themselves quickly.
Stocktrader
Hi Stocktrader,
Comfort level has to be "job 1"
Good luck with your strategy.
Saleem
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