Indices have turned UP & @ high of the day, on higher oil prices as OPEC agreed on production limit, starting in November. Good economic data in US also helped, assurance by Fed chief that banks are on sound footing gave comfort to doubters.
S&P 500 @ 2166.03, high 2166.17, low 2151.79
Internals are positive
Oil UP $1.89
Gold Down $3.80
Canadian $ UP 53 tick @ .6860
VIX Down 5.11% @ 12.40
Portfolio GOOG CNQ CMG LULU VRX
Most stocks are up.
@ 2.30 following are red :
GOOG LULU NTES BIDU TWTR ZYNE OLED
NXPI SBUX FNSR WB MU M MCD....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Well, I feel a little foolish for trimming SWN today, but I still have plenty and I was counting the additional energy exposure I gained from URI this week when making that trim call.
This surprise OPEC announcement changes the balance of many things, and I'll have to ponder those tonight. It could mean those independent story stocks like much of technology could be on the back burner for a while. I think it is important to see how treasuries react to the news. A spiky 10-yr yield would be problematic for many of my stocks.
Stocktrader
Hi Stocktrader,
Wall Street has fooled me too many times, so i stay put with high comfort stocks.
It is good to evaluate changing dynamics for portfolio.
Good luck with rethink.
Saleem
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