Indices closed @ high of the day, many pundits and technicians were bad mouthing this TAPE and the TAPE ran over them, thus a very strong 3 weeks, many traders were caught with little or no exposure on the long side and had to reverse course.
S&P 500 @ 2033.11, high 2033.54, low 2020.46
RSI @ 61.41
CMF @ 0.266
Internals were :
UP volume led by 1.18 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by 1.50 to 1 in NYSE & .94 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 21 in Nasdaq
VIX Down 6.23% @ 15.05
Oil @ $47.26
Gold @ $1183.10
Canadian $ @ 70.91
Stocks which were UP 1% or more included FB LULU TSLA
AMZN TWTR FEYE SINA DNKN EXPE YUM FFIV
LSCC QIHU SPLK MCD DATA MS.......
In my portfolio :
Added 10% VDSI @ $17.70
Here is my weighting :
FB 25.11%
LULU 19.39%
CNQ 15.46%
VDSI 12.81%
TSLA 11.69%
FIT 10.46%
NFLX 5.08%
Exposure 310%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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