Indices did an about face before recouping some of the losses @ close. Blame for this selling went to US$ jump and Oil slump. Both S&P 500 & Dow closed below 50 DMA.
S&P 500 @ 2053.40, low 2041.17, high 2064.56
RSI @ 43.51
CMF @ 0.226
Internals were :
Down volume led by 3.10 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by 2.32 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk lows were leading by 45 in NYSE & highs by 40 in Nasdaq
VIX UP 3.76% @ 16.00
Oil @ $44.84
Gold @ $1152.40
Canadian $ @ 72.18, it is a 10 year low against US$......Canadian economy lost $1000 jobs in latest report.
Stocks which closed green included GPRO LULU MU
GG EGO BIDU NXPI JCP WUBA COH LVS CMG
DNKN YNDX HIMX FNSR AAL M SLW CSOD
WYNN......
Here is my weighting :
MU 26.78%
KORS 19.40%
BBRY 18.62%
GPRO 17.37%
LULU 10.51%
AKS 7.32%
Exposure 241%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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