Jobs report showed growth of 142K , 50 K short of expectations, market tanked 258 points and closed above 200 points ...why....because momentum was building for an up move as sellers were exhausted by 1030 AM.......& we had the-best reversal in 4 years and closed @ highest point of the day.....
S&P 500 @ 1951.36, high 1951.36, low 1893.70
RSI @ 49.20
CMF @ 0.060
Internals were :
UP volume led by 5.44 to 1 in NYSE & 5.04 to 1 in Nasdaq
Advancing stocks led by 3.07 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 225 in NYSE & 163 in Nasdaq
VIX Down 7.14% @ 20.94
Oil @ $45.54
Gold @ $1136.60
Canadian $ @ 68.52, highest level in weeks....
Stocks which were UP 2% or more included BIDU CNQ VDSI
YY YHOO TSLA GOOGL BABA TWTR TSL COH MU
LVS WYNN JKS CSIQ FSLR SPWR AMZN SINA
EXPE EBAY YUM FFIV YELP YNDX HIMX
CRUS SNDK CIEN FNSR QIHU AMCC X
GMCR STLD ABX SLW GG AEM CCJ
DATA CSOD AGU TRIP MLNX.....
In my portfolio :
Added 33% CNQ @ $19.33
Here is my weighting :
FB 23.70%
BIDU 22.94%
LULU 18.42%
NXPI 13.27%
VDSI 11.48%
CNQ 10.19%
Exposure 310%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
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