Friday, April 8, 2016

Indices closed UP .05% to .28%....NICE !!!!

Lot of bullish talk by ex fed chief and fed governor, oil was sharply higher, but we lost momentum around close and barely closed UP.

S&P 500 @ 2047.60, high 2060.63, low 2041.69

RSI @ 56.39

CMF @ 0.256

Internals were :

UP volume led by 3.15 to 1 in NYSE & 1.19 to 1 in Nasdaq

Advancing stocks led by 3.15 to 1 in NYSE & 1.33 to 1 in Nasdaq

Net new 52 wk highs were leading by 96 in NYSE & 11 in Nasdaq

VIX Down 4.95% @ 15.36

Oil @ $39.72

Gold @ $1243.80

Canadian $ @ .7005

Stocks which were UP 1% or more included CNQ JKS QRVO 
ABX CTRP LNG NXPI SPLK GG SU YUM RIG WB MU
CIEN SWIR AGU.....

In my portfolio :

Sold ABX @ $15.25

Added 100% FEYE @ $17.51

Bought QRVO @ $48.89

Here is my weighting :

CNQ  21.74%

CMG  16.12%

NTES 12.79%

QRVO 10.99%

TWTR 7.43%

JKS      7.43%

SBUX 6.54%

FEYE 6.24%

JCP     5.37%

MSFT 5.35%

Next post by 2 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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