TAPE was hit by Chinese clampdown on Shadow banking being used to buy stocks, they are also encouraging short sales, Greece drama also continues. European exchanges were down from .93% to 2.58% DAX being the biggest loser. Dow & S&P 500 closed below 50 DMA but Nasdaq managed to close above 50 DMA after breaching it earlier.
S&P 500 @ 2081.18, low 2072.37, high 2102.58
RSI @ 48.88
CMF @ -0.016
Internals were :
Down volume led by 4.67 to 1 in NYSE & 5.23 to 1 in Nasdaq
Declining stocks led by 4.04 to 1 in NYSE & 3.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 12 in NYSE & lows by 4 in Nasdaq
VIX UP 10.24% @ 13.89
Oil @ $55.74
Gold @ $1203.10
Canadian $ @ 77.71
Following stocks closed green...JCP BIDU TSLA MU WUBA CMG YUM NFLX ABX SLW AEM CNQ MLNX.....
Here is my weighting :
LULU 26.83%
GPRO 16.67%
KORS 16.36%
BBRY 16.20%
RAD 9.88%
AKS 7.52%
VDSI 6.54%
Exposure 264%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
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