Friday, December 18, 2015

Indices closed down 1.59% to 2.10%......

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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