Indices closed down.
S&P 500 @ 2151.13, low 2145.20, high 2172.67
RSI @ 47.48
CMF @ 0.054
Internals were :
Down volume led by 2.86 to 1 in NYSE & 2.21 to 1 in Nasdaq
Declining stocks led by 3.87 to 1 in NYSE & 3.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 71 in NYSE & 55 in Nasdaq
VIX UP 13.16% @ 14.02
Oil @ $47.83
Gold @ $1326.00
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under selling pressure due to uncertainty with leading German Bank, there is a fear of spillover effect IF this issue unravels. I am of the opinion, like any other major issue, this will be resolved by Germany. Any more selling can be used for strategic buying / shifting of portfolio. Internals, although weak, but new 52 wk highs are still leading. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi guys,
Added to ZYNE @ 12.98
I'm probably getting too excited here, but I like the action in GWPH and ZYNE's valuation is so attractive.
Stocktrader
Hi Stocktrader,
Good luck with more ZYNE.
Saleem
Hi Saleem,
Bought TNA @ 77.55
Given the surprisingly good price action in DB today, I think the spillover effect will be limited, especially in the small cap sector.
Cash is 0%.
Stocktrader
Hi Stocktrader,
Good luck with TNA.
Saleem
Hi Saleem,
I continue to watch AMBA daily, but never quite found that big reason to buy or low enough price. It certainly has looked good this week! That said, I am pretty content with the portfolio today, more so than any day this week I think.
Portfolio: TRIL, URI AMZN WLH QRVO SPLK, DKS SWN TNA, ZYNE, CNAT, cash 0.0%
Stocktrader
Hi Stocktrader,
Watching your favorite stocks is a good thing.
YES...your portfolio is ready for this market, DB is out of the way now.....
Good luck!
Saleem
Post a Comment