Indices finally found support or may be "triple support " and rallied & closed near high of the day. Consumer sentiment helped, oil helped & deeply oversold condition helped.
S&P 500 @ 2019.42, high 2020.46, low 1988.12
RSI @ 45.90
CMF @ 0.011
Internals were :
UP volume led by 7.64 to 1 in NYSE & 4.09 to 1 in Nasdaq
Advancing stocks led by 4.33 to 1 in NYSE & 3.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 152 in NYSE & lows by 65 in Nasdaq
VIX Down 6.43% @ 20.95
Oil @ $48.69
Gold @ $1276.90
Canadian $ @ 80.17.....5.5 year low
Stocks which were UP 2% or more included AKS EGO TSL
BITA GG YELP SU CNQ AMCC LSCC CIEN FNSR
NFLX PANW SPLK ABX DLW AEM CCJ DATA
CSOD AGU TRIP MLNX......
Here is my weighting :
MU 26.81%
EGO 26.61%
BBRY 12.18%
GPRO 10.98%
NXPI 10.29%
TSL 6.96%
AKS 6.17%
Exposure 219%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
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