Indices closed down but well off the lows of the day, jobs report was a miss by 20K, but fed official kept the drum rolling for interest rate hike. Oil was lower as higher US$ pushed everything down.
S&P 500 @ 2153.74, low 2144.85, high 2165.86
RSI @ 48.13
CMF @ 0.0 37
Internals were :
Down volume led by 2.13 to 1 in NYSE & 1.78 to 1 in Nasdaq
Declining stocks led by 2.27 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new 52 wk highs were leading by 35 in NYSE & 17 in Nasdaq
VIX UP 4.98% @ 13.48
Oil @ $49.81
Gold @ $1251.90
Canadian $ @ .6696
Stocks which were UP 1% or more included CMG NTNX
QRVO ZYNE TRIL AKS TCK GS......
In my portfolio :
Sold 60% CMG @ $431.50
Added 200% AMD @ $6.77
Added 25% VRX @ $23.21
Added 40% LULU @ $58.41
Here is my weighting :
LULU 27.24%
CNQ 17.89%
VRX 14.76%
CMG 14.61%
NTNX 12.97%
TWLO 8.75%
AMD 3.78%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Thank you Saleem and Stocktrader for your comments on previous thread. I have NXPI NOV 18, 110 calls, not sure if that was a wise selection though. Also, I took a small position today in JNUG for 10.60 assuming that gold could rise (short term) based on Jobs report.
Hi Explorer,
You got lot of time left for NXPI to move towards your strike price and above, i will stay put until expiry.
Gold is definitely deeply oversold, so a good bet there.
Good luck!
Saleem
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