Indices closed down.
S&P 500 @ 2108.92, low 2107.04, high 2125.92
RSI @ 55.90
CMF @ 0.073
Internals were :
Down volume led by 1.61 to 1 in NYSE & 2.14 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & 2.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 77 in Nasdaq
VIX UP 6.75% @ 13.12
Oil @ $56.99
Gold @ $1203.20
AH ER..ABX Down 3.05%, AAPL UP 1.32%
AMCC UP 3.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its weakness again by losing morning gains and closing @ low of the day. Even some pundits are getting concerned today and talking of "this time being different possibility". Keep booking any gains and look for potential sale if this accelerate to the downside. Its Fed watch again meeting starts Tuesday and verdict on Wednesday @ 2 PM, this may put more pressure and downside may persist.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
VDSI looked great--nice pick! :)
Stocktrader
Hi Saleem,
Added a small amount of AA @ 13.585.
It feels like this company is on the verge of a large breakout and aluminum prices have outperformed this week, shrugging off last week's China export news.
Stocktrader
Hi Saleem,
Bought AAL @ 51.02.
Stocktrader
Hi Saleem,
I bought AAL because the stock buyback is beginning again now after the quiet period, and oil doesn't seem to be following the weak dollar higher which may indicate a bit of a topping out. The weak dollar actually helps AAL in translating international revenues back to US, and if fuel doesn't rise in conjunction, we have a positive catalyst finally :).
Stocktrader
Hi Saleem,
Nasty writedown that AKS took, but shrugging it off nicely! Well done on stock picking! :)
Stocktrader
Hi Stocktrader,
Thanks for your note re VDSI & AKS...IF GPRO comes as i expect then it will be 3 / 3 which is not suppose to happen in Wall Street....shall see tonight....
You must like letter A today...
Good luck with AA & AAL...
Saleem
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