Indices are staging an oversold bounce.
S&P 500 @ 2080.15, high 2083.49, low 2072.21
Internals are barely positive
Oil UP 47 cents
Gold UP $2.40
Canadian $ UP 30 tick @ 74.11
VIX Down 1.32% @ 15.00
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are UP
@ 2.52 following are red :
BBRY GPRO KORS SWIR QIHU GG EGO YY YELP
YHOO BIDU TSLA BABA FB JCP LVS JKS CSIQ
AMZN SINA SU FFIV SPWR HIMX PANW
NFLX AAL M SPLK X STLD ABX SLW
AEM CCJ CNQ Z WYNN MLNX.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Strange day--lots of stocks down despite the higher averages. A similar story to my portfolio last week when I gained 0.39% vs -1.58% for the S&P 500, but was mostly due to the 18.2% gain in NXPI with some help from PANW up 4.8% before I sold both. ETN CF HUN SPLK were down 4-6% each.
I am very surprised, almost mad, about how the market took the jobs report Friday, but that's the market in which we trade I guess. This tells me we'll have to go through some digestion as "easy money" stocks see profit taking and other stocks can do better, financials and consumer likely. I am still encouraged by progress in Europe, but it is tricky to play well given the weakening euro also.
I plan to keep a diversified approach, and hope I don't have too much exposure in my high growth stocks which may not find consistent support until we hear some more Fed thoughts.
Stocktrader
Hi Stocktrader,
Gain is a gain when averages were down across the board.....
It is going to be tough going forward.
Saleem
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