Jobs report was above consensus but huge gains of last two days triggered profit taking and weekly option expiry played a role.
S&P 500 @ 2044.81, low 2038.33, high 2064.43
RSI @ 49.53
CMF @ -0.103
Internals were :
Down volume led by 2.44 to 1 in NYSE & 1.86 to 1 in Nasdaq
Declining stocks led by 1.69 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 25 in Nasdaq
VIX UP 3.17% @ 17.55
Oil @ $48.36
Gold @ $1216.10
Canadian $ @ 81.34
Stocks which were UP 1% or more included EGO GPRO NXPI
BITA GG YELP TWTR JKS FEYE FSLR AMCC GMCR
ABX SLW AEM WYNN TRIP.......
Here is my weighting :
MU 29.87%
EGO 23.30%
GPRO 13.54%
BBRY 11.89%
NXPI 10.22%
TSL 6.72%
AKS 4.46%
Exposure 216%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
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