Monday, June 29, 2015

Indices closed down 1.95% to 2.40%.....

Indices closed @ low of the day.

S&P 500 @ 2057.64, low 2056.64, high 2098.63

RSI @ 35.47

CMF @ -0.205

Internals were :

Down volume led by 21.05 to 1 in NYSE & 19.04 to 1 in Nasdaq

Declining stocks led by 10.18 to 1 in NYSE & 6.56 to 1 in Nasdaq

Net new 52 wk lows were leading by 314 in NYSE & 95 in Nasdaq

VIX UP 34.45% @ 18.85

Oil @ $58.33

Gold @ $1179.00

In my portfolio :

Sold BBRY @ $8.29

Bought VDSI @ $29.35

Portfolio AKS GPRO LULU RAD SWIR TWTR VDSI VIPS

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE faced an expected sell,sell,sell on Greek situation. Nasdaq below 50 DMA, Dow below 200 DMA & S&P 500 only 4 points above 200 DMA. Internals got massacred, it is so extreme that a "turnaround Tuesday is given". In case you thought that Greek drama is over, you are mistaken, it will continue "beyond NO vote"....Hopefully, you were able to buy beaten down stocks or made some switch, it should pay off in short order.

BLOG does NOT give buy or sell.

Saleem

3 comments:

Stocks100 said...

Hi Stocktrader,

Sold AKS $3.85

Added 120% VIPS @ $22.04

Saleem

stocktrader_1996 said...

Hi Saleem,

I find the steel stocks so hard--lots of shorting and short-covering. Good luck with VIPS! I took JMEI as my "consumer" play.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Showed lot of patience with AKS, but it kept swinging between $3.50 to $5.50 over and over.

Saleem