Manufacturing data was below expectations in China, Europe and USA, this resulted in 160 points drop in Dow, oil is sharply lower also. Indices are off their lows.
S&P 500 @ 1936.78, low 1920.30, high 1936.94
Internals are negative
Oil Down $1.91
Gold UP $12.60
Canadian $ UP 38 tick @ .6067 US$
VIX UP 1.19% @ 20.44
In my portfolio :
Added 50% CTSH @ $62.59
Portfolio AMZN BIDU CNQ CTSH FB JKS MSFT SBUX
Most stocks are down
@ 2.41 following are green :
FB SBUX V GOOG LNKD TWTR PCLN NXPI NFLX
TSLA SINA DNKN CMG EBAY YUM FSLR CRUS
LRCX AAL PANW M SPLK MCD ABX SLW GG
AEM CSOD MGA TRIP YELP MLNX....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
At least we are starting to get some individual stock divergence here. You can start picking winners and losers based on out- and under-performance.
Stocktrader
Hi Stocktrader,
Yes..there are solid winners in this marketplace.
Good luck with your picks!
Saleem
Hi Saleem,
It's hard because many of my favorite picks took off on me since I sold: LNKD GM SBNY URI TWTR BAC...
I'm great at holding through downturns, horrible at holding in upturns, seems backward lol...
Stocktrader
Hi Stocktrader,
First of all "trading strategy can be adjusted easily "
All of the above stocks are in initial stage of up move, still can be bought for major gains.
As i said before "do not look back ?....look ahead $$$$$$
Good luck!
Saleem
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