Indices are lower on many issues, overbought, North Korea missile test, Fed hike and new ban on visa for 6 countries, all adding up to a weak start, indices are fighting back and is near high of the day, a very good sign for this bull TAPE.
S&P 500 @ 2376.92, low 2367.98, high 2377.18
Internals were sharply negative earlier, but getting better now.
Oil Down 13 cents
Gold unchanged
Canadian $ Down 41 tick @ .6584
VIX UP 3.47% @ 11.34
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are down
@ 1.46 following are green :
MU FNSR CHK LVS YELP ORCL MCD SU FB
MSFT NFLX KORS NKE OPK V CNX SINA
EXPE TK......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
The portfolio was +1.28% last week (+9.23% YTD) versus modest gains for most indices (Russell 2000 flat). Big gainers included MU(+8.7%) URI(+7.5%) HUN(+5.1%). Losers included DFRG(-3.1%) PI(-2.8%) ZYNE(-2.0%). Many positions were liquidated midweek to capture gains and take a pause but I've started adding back selectively.
Current Portfolio (including today's moves): HBAN BABA MU GM SPLK HUN ZYNE TECK PI CHK MJCO, cash 33.9%
Stocktrader
Hi Stocktrader,
Excellent performance of 9.23% YTD.....
I am flat for the year.....thanks to crushing weakness last weeek in Canadian $.....which affects my portfolio in a big way.....
Saleem
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