Indices closed near low of the day. Payroll report was way better than expected in both US & Canada. Oil continued its downward march and Canadian $ @ 13 year low.
S&P 500 @ 1922.03, low 1918.46, high 1960.40
RSI @ 29.67
CMF @ -0.111
Internals were :
Down volume led by 3.73 to 1 in NYSE & 2.75 to 1 in Nasdaq
Declining stocks led by 2.13 to 1 in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk lows were leading by 525 in NYSE & 345 in Nasdaq
VIX UP 8.08% @ 27.01
Oil @ $33.16
Gold @ $1097.90
Canadian $ @ 58.32
Stocks which closed in green included JKS
SWIR AAPL FIT LVS CSIQ YHOO
EBAY FFIV CRUS GMCR CCJ
MGA Z....
Here is my weighting :
BIDU 23.90%
FB 18.10%
CNQ 14.96%
CY 10.14%
VDSI 9.89%
NFLX 6.90%
BITA 6.55%
JKS 5.84%
BBRY 3.72%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
hi saleem< any thoughts on buying some gold in this environment? thanks charlie
Hi Charlie,
Gold has been a big disappointment in the last 5 years, it is staying below $1100 even in this turmoil.
Now that stocks are deeply oversold and may rally which will put more downward pressure on gold.
Seasonally February is a positive month for gold, may be good for a quick trade then.
Saleem
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