Friday, June 3, 2016

Indices closed down .18% to .58%.......

Indices got a shocker in lousy jobs report and downward revision to last 2 months, after slumping @ open, indices fought its way back to close near high of the day. Gold rocketed UP $30+ which gave a solid runup from lowest level.

S&P 500 @ 2099.13, low 2085.36, high 2104.07

RSI @ 59.95

CMF @ 0.220

Internals were :

Down volume led by 1.07 to 1 in NYSE & 2.19 to 1 in Nasdaq

Declining stocks led by .83 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new 52 wk highs were leading by 245 in NYSE & 40 in Nasdaq

VIX Down 1.17% @ 13.47

Oil @ $48.62

Gold @ $1240.10

Canadian $ @ .7052

Green close included CNQ JCP ABX PCLN GG KGC SLW AEM
NTES DNKN LULU AAPL QRVO SWN WB YELP CIEN 
TCK SU CSOD ORCL ABU MLNX......

In my portfolio :

Sold ABX @ $19.00

Bought UA @ $36.64

Added 50% SBUX @ $55.00

Here is my weighting :

CMG    21.24%

BIDU   19.84%

UA       13.06%

CNQ    12.75%

JKS      10.14%

TWTR   8.06%

SBUX   8.02%

JCP     6.89%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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