Indices closed down.
S&P 500 @ 2105.33, low 2104.58, high 2117.69
RSI @ 52.53
CMF @ 0.058
Internals were :
Down volume led by 1.86 to 1 in NYSE & .94 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & .88 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 28 in Nasdaq
VIX UP 7.70% @ 13.85
Oil @ $59.25
Gold @ $1183.00
AH ER ...YY Down 8.8%, RAX 13.12%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under mild selling pressure due to slowing Chinese growth & Greece decision. Indices closed near low of the day and there was some damage to internals of the market. IF Greece situation becomes optimistic and get resolved, then we may have a very strong day, which could be as early as tomorrow. Otherwise, stay put and wait for 1 down day and 2 up day TAPE.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold TZA @ 10.705.
It served its purpose for now and I made some quick money to offset losses.
Stocktrader
Hi Saleem,
Bought WLH @ avg 21.02
I've been wanting to get some housing exposure for a while now, and think maybe this is a good opportunity.
Stocktrader
Hi Saleem,
In other news...the portfolio was slightly down last week during the volatility versus slightly up for the indices. FRSH (+3.7% at sale) and SPLK (+2.8%) were the biggest gainers, and my foolish sell of AAL near the bottom (-5.2% at sale) was the biggest decliner.
After the moves this week, the portfolio is currently:
SPLK URI AA C EMN GM BABA IACI WLH CSOD (AEMD)
Cash: 11.7%
I'm trying to stick with good charts and/or stocks with potential upcoming catalysts, and will be willing to quickly cut losses if the thesis changes.
Stocktrader
Hi Stocktrader,
Good trade with TZA...
Good luck with WLH
Your Portfolio is looking good and performing better than indices.....
Saleem
Post a Comment