Chinese second devaluation of 1.6% of Yuan took another toll in world markets, in open market, Yuan has gone down 4.8% vs official devaluation of 3.5%, this may indicate more devaluation to come.
S&P 500 @ 2073.15, low 2052.09, high 2081.10
Internals are negative
Oil UP 43 cents
Gold UP $15.80
Canadian $ UP 1.15 cent @ 69.05
VIX UP 5.91% @ 14.52
Portfolio FB GPRO LULU RAD VDSI
Most stocks are down
@ 2.32 following are green :
TSL TSLA SWIR AAPL MU FFIV FSLR CRUS
CIEN FNSR ABX SLW GG AEM CSOD
BRCM Z .......
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
The FCX buy today was a new position after selling my last try with FCX last Wednesday morning (NEM too). I think there was a mostly neutral Fed speaker that day that indicated the September rate hike was ready unless something really terrible happened. I looked back at the posts to check for sure :)
Stocktrader
Hi Saleem,
Bought HUN @ 16.96
Interesting commentary out of management today tells me there might be something special in store, and if not, we still may have reached a short-term bottom.
Stocktrader
Hi Stocktrader,
Good luck with HUN, i knew about your sale of NEM & FCX.
Saleem
Hi Saleem,
Oh, almost forgot about last week's numbers...portfolio was -1.21% vs -1.25% for S&P and worse other indices. HDP and WLH were small winners and TDOC and SGMO(sold) were the biggest decliners.
I started the week with 60.4% cash, but I am down to only 9.5% cash now. Portfolio is currently HDP MS XOOM KSS PANW WLH LNKD DATA HUN TDOC FCX LBIO. TDOC just reported and looked good enough. KSS reports tomorrow morning.
Stocktrader
Hi Stocktrader,
Good luck with KSS earning.
Saleem
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