Indices closed down near low of the day. Internals are heading south. Reason for today's weakness given, that GDP report, which was better than expected ?
S&P 500 @ 2107.39, low 2104.89, high 2120.66
RSI @ 48.90
CMF @ 0.036
Internals were :
Down volume led by 2.25 to 1 in NYSE & 1.78 to 1 in Nasdaq
Declining stocks led by 2.24 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk lows were leading by 7 in NYSE & highs by 47 in Nasdaq
VIX UP 3.98% @ 13.84
Oil @ $60.30
Gold @ $1189.80
Canadian $ @ 75.55
Stocks which were UP 1% or more included AKS SWIR
NXPI KORS EBAY BRCM.....
Here is my weighting :
LULU 25.34%
GPRO 21.83%
BBRY 16.91%
VDSI 12.10%
RAD 11.35%
AKS 8.76%
SWIR 3.71%
Exposure 258%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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