Indices closed @ low of the day on Quad witching. Oil continued its weakness and close @ 7 year low. Too much uncertainty due to low low oil prices.
S&P 500 @ 2005.52, low 2005.33, high 2040.81
RSI @ 40.20
CMF @ -0.066
Internals were :
Down volume led by 3.07 to 1 in NYSE & 2.56 to 1 in Nasdaq
Declining stocks led by 1.87 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk lows were leading by 214 in NYSE & by 116 in Nasdaq
VIX UP 9.29% @ 20.70
Oil @ $34.73
Gold @ $1065.00
Canadian $ @ 60.65
Stocks which closed UP 1% or more included BBRY BITA CNQ
JKS TSL FEYE GPRO CSIQ SINA SU SPWR QIHU AMBA
M X ABX SLW GG AEM CCJ......
BBRY earnings report was a beat in Q3 Sales & EPS, BBRY
guiding sequential rise in revenue again & profitability for Q4.
BBRY further confirming profitability across the board starting in Q1 which begins in February 2016. BBRY closed UP 10.38% in a very bad TAPE.
Here is my weighting :
FB 30.26%
CNQ 12.66%
VDSI 11.46%
NFLX 11.44%
CY 9.92%
FIT 9.41%
BITA 8.37%
BBRY 6.48%
Exposure 324%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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