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
Hi guys,
ReplyDeleteAdded 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,
ReplyDeleteGood luck with more ZYNE.
Saleem
Hi Saleem,
ReplyDeleteBought 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,
ReplyDeleteGood luck with TNA.
Saleem
Hi Saleem,
ReplyDeleteI 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
ReplyDeleteHi 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