Indices closed near high of the day on slower GDP growth vs expectations. Janet Yellen speech 15 minutes before close affirmed data driven approach to raising interest rate, which helped bullish case.
S&P 500 @ 2061.02, high 2062.83, low 2052.96
RSI @ 45.12
CMF @ -0.009
Internals were :
UP volume led by .88 to 1 in NYSE & 1.84 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & lows by 6 in Nasdaq
VIX Down 4.62% @ 15.07
Oil @ $48.87
Gold @ $1199.80
Canadian $ @ 73.92
Stocks which were UP 1% or more included AKS BBRY SWIR
YHOO NXPI FEYE LEN YELP WUBA COH JKS FFIV
YNDX CRUS BRCM LSCC AAL SPLK CSOD
MLNX .....
BBRY ER was a beat on EPS by 8 cents, instead of 4 cents loss they earned 4 cents, Sales way below expectations , Software revenue were better than expected.
Here is my weighting :
KORS 20.34%
GPRO 18.74%
BBRY 18.20%
LULU 17.37%
SWIR 10.17%
AKS 8.33%
VDSI 6.85
Exposure 246%
Next post around 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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