Indices closed near low of the day , Dow & S&P 500 awfully close to 50 DMA while Nasdaq sitting comfortably way above 50 DMA. Jobs report shocked the market with huge upside surprise of 295K, nobody understands how ?
S&P 500 @ 2071.26, low 2067.27, high 2100.91
RSI @ 45.66
CMF 0.318
Internals were :
Down volume led by 4.83 to 1 in NYSE & 2.60 to 1 in Nasdaq
Declining stocks led by 6.08 to 1 in NYSE & 2.28 to 1 in Nasdaq
Net new 52 wk lows were leading by 2 in NYSE & highs by 16 in Nasdaq
VIX UP 8.26% @ 15.20
Oil @ $49.61
Gold @ $1164.30
Canadian $ @ 73.81...lowest level in 6 years against US$ as trade deficit widened due to low low price of oil export.
Stocks which closed green included QIHU YY AAPL EBAY
HIMX CRUS LSCC CIEN JDSU FNSR.......
In my portfolio... Sold EGO @ $4.83, Bought LULU @ $61.98
Here is my weighting :
MU 26.05%
BBRY 19.91%
KORS 19.41%
GPRO 17.04%
LULU 10.20%
AKS 7.39%
Exposure 241%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
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