Indices are lower due to weak TAPE and weak Jobs and manufacturing data. Nasdaq is below 50 DMA joining Dow & S&P 500 which are heading towards 200 DMA......
S&P 500 @ 2055.65, low 2048.38, high 2067.63
Internals are negative
Oil UP $2.28
Gold UP $21.80
Canadian $ UP 75 tick @ 73.89
VIX UP 3.53% @ 15.83
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
Most stocks are down
@ 2.47 following are green :
VDSI GG OTEX YY BIDU JCP TWTR MU COH JKS
CSIQ SINA SU FSLR YNDX SNDK AMCC C M
GMCR ABX SLW AEM CCJ EGO MS CNQ
GS......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
A lot of the day made sense, but I have no idea why financials were higher. Weak economic data, lower rates, reports of weak trading activity/capital markets in Q1--I can't figure out the up move in a down tape...
Stocktrader
Hi Stocktrader,
The ONLY explanation i may have is...this is where the money flow was today......financial have lagged badly, maybe its their time?
Saleem
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