Indices are near high of the day as oil moves higher, TAPE is strong in anticipation of Fed interest rate hike tomorrow.
S&P 500 @ 2051.41, high 2053.87, low 2025.55
Internals are positive by almost 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.02
Gold Down $2.30
Canadian $ UP 1 tick @ 62.68
VIX Down 9.37% @ 20.60
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.49 following are red :
NFLX TWTR LNKD AAPL TSL CMG YELP AMCC
M STLD SLW GG AEM CSOD......
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem and Stocktrader,
I had a plan to sell XIV and UPRO today. But the trend showed me not to. Can you please check XIV chart and share your views? I would appreciate your inputs.
Tomorrow is the important day. I am pretty sure Yellen will give us a Santa rally. I don't know how long will it last.
Good luck to you
Joseph
Hi Joseph,
I think there is a good chance that VIX could make a 10% down move, which should help your XIV exposure.......IF i were you, i will take that 10% benefit of that move and move on.....
Good luck $$$$$
Saleem
Thanks Saleem
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