Indices are mixed with Nasdaq showing relative weakness. Oversold bounce was a struggle today with no conviction.
S&P 500 @ 2046.40, high 2050.08, low 2040.74
Internals are positive
Oil Down 20 cents
Gold Down $8.40
Canadian $ Down 75 tick @ 72.49......lowest level in 6 years against US$
VIX UP .78% @ 16.82
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are UP
@ 2.41 following are red :
GPRO OTEX YY BIDU PCLN GOOGL AAPL BABA JCP
COH LVS SINA YUM MA AMCC M SBUX MCD CCJ
Z WYNN TRIP......
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Swapped M @ 62.34 for NXPI @ 97.80.
I wanted a slightly more cyclical feel and am worried (in M's case) that oil's next move is higher.
Stocktrader
Hey Saleem,
Sold BAC @ 16.13.
I feel like there's too much positive sentiment surrounding the results tonight so I'll take the money and run for now.
I worry that treasury yields will start dropping again to follow Europe and that flattening yield curve might be tricky for banks.
I was going to buy some Z tomorrow, but decided to just go for it now. Bought Z @ 109.265.
Stocktrader
Hi Stocktrader,
Good move in BAC..it is down AH..
Good luck with Z...it should do well in a healthy market...
Good luck with NXPI, its holding pretty good after huge gain...
Saleem
Hey Saleem,
Yes, it is not often I get it that right. I fully expected BAC up after hours haha.
I thought the market felt better today. I think we are ready to move higher should something spark a rise. The Fed move next week must be nearly "baked in", right?
Stocktrader
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