Friday, January 29, 2016

Indices closed UP 2.38% to 2.48%....NICE !!!!

Indices closed UP @ absolute high of the day in Dow & S&P 500, missed by fraction in Nasdaq. Catalyst was Japan negative interest rate scenario, Banks will be charged interest IF they have cash balances instead of giving loan.

S&P 500 @ 1940.23, high 1940.23, low 1894.00

RSI @ 49.34

CMF @ 0.008

Internals were :

UP volume led by 11.66 to 1 in NYSE & 6.51 to 1 in Nasdaq

Advancing stocks led by 8.23 to 1 in NYSE & 3.93 to 1 in Nasdaq

Net new 52 wk highs were leading by 36 in NYSE & lows by 72 in Nasdaq

VIX Down 9.90% @ 20.20

Oil @ $33.62

Gold $1116.40

Canadian $ .6029 US$

Stocks which were UP 3% or more BIDU CTSH JKS MSFT
V LNKD SPWR FSLR CSIQ AAPL COH LVS WYNN 
FIT NXPI SINA MA LRCX AMBA PANW SPLK
SLW CRUS CTRP DATA VRX Z MLNX....

In my portfolio :

Bought MSFT @ $54.46

Bought CTSH @ $62.83

Here is my weighting :

FB       25.48%

AMZN 22.22%

BIDU   18.54%

CNQ    13.41%

SBUX    6.13%

JKS       5.94%

CTSH    4.79%

MSFT    3.49%

Next post by 2 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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