Indices closed lower.
S&P 500 @ 2093.32, low 2088.60, high 2102.51
RSI @ 48.25
CMF @ 0.023
Internals were :
Down volume led by 1.24 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk lows were leading by 80 in NYSE & 39 in Nasdaq
VIX UP 3.50% @ 13.00
Oil @ $45.74
Gold @ $1090.70
AH ER....TRMB Down 13.35%, FSLR UP 7.82%
Z UP 14.69%
AH Futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, S&P 500 closed below 50 DMA, Nasdaq remains above 50 & 200 DMA, which is comforting to see. TAPE is in a indecisive state as market leader AAPL keeps going below 200 DMA a 2 year technical low. Many stocks are defying AAPL related weakness and are in healthy pattern. Stay the course with stocks that are working.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold FCX @ 11.562
Sold NEM @ 16.584
Wanted to get rid of the commodity exposure after a slight bump today. The Fed seems determined to raise rates.
Stocktrader
Hi Saleem,
Sold LNKD @ 195.01
Sold DATA @ 104.18
They haven't bounced at all after the earnings decline so I fear they have further to consolidate. I'll revisit at another time.
Stocktrader
Hi Saleem,
Bought LNKD back @ 192.30
It has good support just below here so I'll see how the stock reacts now.
Stocktrader
Hi Stocktrader,
Good luck with your strategy and repositioning in LNKD.
Saleem
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