Friday, October 28, 2016

Indices closed down .05% to .50%.....

Indices closed down on political news, while GDP growth of 2.9% was pretty good, but it was ignored. Oil was down as OPEC meets.

S&P 500 @ 2126.41, low 2119.36, high 2140.72

RSI @ 41.05

CMF @ -0.108

Internals were :

Down volume led by 1.49 to 1 in NYSE & 1.53 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new 52 wk lows were leading by 24 in NYSE & 85 in Nasdaq

VIX UP 5.4% @ 16.19

Oil @ $48.70

Gold @ $1276.80

Canadian $ @ 66.15

Stocks which were UP 1% or more included AMD BIDU
AKS KORS FB SPLK ABX AEM TWTR LULU LVS 
LEN EXPE MA AMCC FCX ZG TRIP MLNX
CSOD CRUS PANW .....

Here is my weighting :

CNQ    23.37%

AAPL  18.65%

VRX    16.69%

CMG  16.18%

BIDU 11.78%

TWLO  8.13%

AMD   5.20%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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