Wednesday, January 20, 2016

Indices down 1.45% to 2.51%......

Indices were in freefall worldwide on collapsing oil prices. Dow was down 565.46 points @ its low of the day.We are in the process of coming off low of the day.

S&P 500 @ 1842.19, low 1812.29, high 1876.18

Internals are negative by 6 to 1 in NYSE & 2 to 1 in Nasdaq

Oil Down $1.91

Gold UP $16.10

Canadian $ UP 58 tick @ 54.82, Central bank left interest rate unchanged @ .50% thus giving support to Canadian $ @ this low low point.

VIX UP 10.75% @ 28.85, high today so far....32.09

In my portfolio :

Sold CY $7.48, Sold BBRY @ $6.50, Sold VDSI @ $13.76
Bought AMZN @ $552.64, Bought BABA @ $65.69.....

Portfolio BABA AMZN BIDU BITA CNQ FB JKS

Most stocks are down

@ 2.47 following are green :

BIDU JKS TWTR SWIR NXPI EXPE GPRO YELP CRUS 
AMCC AMBA M ABX GG AEM CSOD VRX BRCM
AGU MLNX.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...


Hi Stocktrader,

Added 25% FB @ $94.56.....

Saleem

stocktrader_1996 said...

Hi Saleem,

I think FANG could be stuck in the mud this year after a fantastic last year, but this particular entry in FB looks good for a trade.

I am really eyeing those heavily beaten up individual stories for the most potential upside, hence my new entry into TWTR today, and my general enthusiasm for biotech/tech/small caps.

Stocktrader