Friday, September 4, 2015

Indices closed down 1.05% to 1.66%.....

Indices were under renewed selling pressure after jobs report came much weaker than expected, it did not matter, futures were sharply lower before jobs report and continued lower until open.

S&P 500 @ 1921.22, low 1911.21, high 1947.78

RSI @ 37.19

CMF @ -0.055

Internals were :

Down volume led by 10.04 to 1 in NYSE & 3.49 to 1 in Nasdaq

Declining stocks led by 3.20 to 1 in NYSE & 1.55 to 1 in Nasdaq

Net new 52 wk lows were leading by 124 in NYSE & 46 in Nasdaq

VIX UP 8.55% @ 27.80

Oil @ $46.05

Gold @ $1121.40

Canadian $ @ 67.19, Canadian jobs report came in better than expected.

Stocks which closed UP included FB LULU RAD
AMBA LNKD PCLN MU YELP HIMX 
GMCR GG AEM MLNX...

In my portfolio :

Added 30% GPRO @ $37.09

Added 100% TSL @ $8.50

Added 200% FIT @ $31.61

Here is my weighting :

LULU 27.26%

FB      26.06%

GPRO 13.10%

RAD   10.41%

FIT      8.50%

VDSI  8.14%

TSL   6.53%

Exposure 295%

Next post by 2 PM on Sunday.

Enjoy this long weekend !

BLOG does NOT give buy or sell.

Saleem

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