Friday, August 26, 2016

Indices closed mixed.....

Indices closed mixed on a volatile day, Fed governors were in overdrive about their hawkish statements, while Janet Yellen was more balanced. So it was green @ open and higher after Fed chief presentation, but lower on Mr Fischer was blunt about next week's jobs report, that took market in sell mode. By close Nasdaq found its footing and closed green and other indices closed above lows of the day.

S&P 500 @ 2169.04, low 2160.39, high 2187.94

RSI @ 49.62

CMF @ 0.103

Internals were :

Down volume led by 1.70 to 1 in NYSE & .74 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.12 to 1 in Nasdaq

Net new 52 wk highs were leading by 194 in NYSE & 116 in Nasdaq

VIX UP .15% @ 13.65

Oil @ $47.64

Gold @ $1325.90

Canadian $ @ .7053

Stocks which were UP 1% or more included CMG
NTES AMZN CTRP NXPI CSIQ SINA CHK
SWN WB LNG BABA YELP FSLR MU.....

Here is my weighting :

GOOG   36.92%

CMG     25.83%

VRX      12.68%

GG        10.93%

JCP         6.78%

CNQ       3.72%

AKS        3.14%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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