Indices are lower on Greece uncertainty. Indices are off the lows.
S&P 500 @ 2066.13, low 2044.02, high 2071.12
Internals are negative..
Oil Down 18 cents
Gold Down $18.80
Canadian $ Down 88 tick @ 72.62
VIX UP 2.18% @ 17.38
In my portfolio :
Sold VIPS @ $20.24
Portfolio GPRO LULU RAD SWIR TWTR VDSI
Most stocks are lower
@ 2.40 following are green :
GPRO LULU RAD TWTR LNKD GOOGL LVS
LEN DNKN CMG EBAY FFIV FSLR HIMX
SNDK FNSR AAL GMCR M X SU DATA
WYNN....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold PRU @ 86.76 to free up cash.
Stocktrader
Hi Stocktrader,
Chinese stocks were scary today, thus out of VIPS.
Good luck with next idea.
Saleem
Hi Saleem,
Sold NXPI @ 96.13 to raise cash and prune weak performers.
Stocktrader
Hi Saleem,
I am worried about further weakness in the Chinese markets and economy for sure, hence some of the reason I sold NXPI. My Chinese-specific stocks are probably too oversold for now, and have much better valuation than their Chinese-listed peers.
Stocktrader
Hi Saleem,
The portfolio was -1.93% last week versus -1.18% for the S&P and -2.46 for the Russell 2000. I'm not sure it's relevant to post the winners and losers because almost all of that is reversed already this week (I should just be more timely in this weekly update!)
This week has started rough due to huge declines in the small Chinese stocks I picked up last week. Given they were only ~10% of the portfolio in total, they can't hurt that much, right?! We'll see how the rest of the week rounds out--it's been a wild ride so far already, and I have a bit of cash now that I'm looking to deploy as soon as tomorrow if we gap down big again...
Stocktrader
Hi Stocktrader,
Good to be safe, when Greece is in no hurry to sign a deal.
Market hates uncertainty.
Saleem
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