Wednesday, August 10, 2016

Indices down .31% to .52%.....

Indices are @ low of the day on lower oil. Earlier  Nasdaq made new intraday all time high.

S&P 500 @ 2172.56, low 2172.09, high 2183.41

Internals are negative by up to 2 to 1

Oil Down 84 cents

Gold UP $6.80

Canadian $ UP 65 tick @ .6950

VIX UP 6.86% @ 12.46

In my portfolio...added 50% CNQ @ $31.44

Portfolio GOOG CNQ CMG GG NTES JCP UA VRX

Most stocks are down

@ 2.38 following are green :

GOOG GG NTES EGO ABX SU TWTR SBUX YHOO
EXPE SSYS WB BABA YELP CIEN M MCD TCK
AEM SWIR.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Trimmed some QRVO @ 54.18 to buy AKS @ 5.31

After pulling back right into the 50 DMA, I think the risk/reward is more favorable now than any time recently, especially after the great quarter.

QRVO seems stuck for now as next quarter's trimmed margin guidance has institutions on the sidelines ahead of that quarter even as AAPL's rally has been ferocious. Given my exposure in semis with CY also, it seemed the best idea to reduce some QRVO. It is still my 2nd largest position.

Portfolio: SPLK QRVO BAC SWN FDX DKS GM WLH ELY X CY AKS MACK

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with AKS.

Saleem