Friday, September 9, 2016

Indices closed down 2.13% to 2.54%......

Indices closed @ absolute low of the day, all indices are below 50 DMA, a major technical damage. Catalysts of all this carnage, weak Germany economic data, Fed officials setting policy in media on a Friday session, oil sharply lower, US$ sharply higher.

S&P 500 @ 2127.81, low 2127.81, high 2169.08

RSI @ 31.94

CMF @ 0.132

Internals were :

Down volume led by 31.69 to 1 in NYSE & 10.18 to 1 in Nasdaq

Declining stocks led by 19.30 to 1 in NYSE & 6.16 to 1 in Nasdaq

Net new 52 wk highs were leading by 9 in NYSE & lows by 1 in Nasdaq

VIX UP 39.89% @ 17.50

Oil @ $45.88

Gold @ $1334.50

Canadian $ @ .6967

Stocks which closed green included JCP DATA WYNN

In my portfolio..Sold AKS @ $4.07 in AH

Here is my weighting :

GOOG   35.52%

CMG      25.64%

CNQ      13.50%

VRX      11.25%

JCP        6.61%

GG        5.32%

LULU   2.16%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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