Indices closed down.
S&P 500 @ 2344.02, low 2341.90, high 2381.93
RSI @ 44.61
CMF @ 0.078
Internals were :
Down volume led by 6.13 to 1 in NYSE & 7.59 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 5.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 49 in NYSE & 61 in Nasdaq
VIX UP 9.96% @ 12.47
Oil @ $47.39
Gold @ $1246.50
In my portfolio :
Sold OCLR @ $9.60
Added 105% MU @ $25.47
AH ER.... NKE Down 3.71%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE slumped on doubts about passing of new health care legislation, TAPE has been rallying on optimism about new policies, but its implementations has been put in doubt now.Indices suffered its worst slump since last September / October.Internals were sharply negative. This weakness is a buying opportunity, as semis continue to fare well, Nasdaq made a new intraday all time high.CMF is negative in Dow, still positive in S&P 500 and Nasdaq.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold PI @ 27.95
Days like today really tell us which stocks are in high demand and which ones are not. I fear PI's substantial ties to the retail sector may be impacting the desirability of the stock. The failed breakout and high valuation are putting me back on the sidelines here. The recent secondary offerings present additional risk if downside intensifies.
Portfolio: SPLK HUN BABA RCL HBAN DAL Z GM AKS ZYNE CHK MJCO, exposure 81.7%
Stocktrader
Hi Stocktrader,
Good luck with your strategy.
Saleem
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