Indices closed down.
S&P 500 @ 2429.39, low 2419.97, high 2430.38
RSI @ 61.94
CMF @ 0.251
Internals were :
UP volume led by 1.26 to 1 in NYSE & .59 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & .73 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 54 in Nasdaq
VIX UP 7.10% @ 11.46
Oil @ $46.08
Gold @ $1268.90
In my portfolio Added 120% BBRY @ $10.58
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak but closed near high of the day. Nasdaq was the real story for 2 days in a row, it slumped 231.03 points or 3.64% from high to low today, hopefully, this selling is more than overdone, no technical levels were breached like 50 DMA. The real carnage was in SOX which corrected 96.53 points or 8.39% from high to low in 2 days.Hopefully you have adjusted your portfolio to better position for next ride UP.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold Z @ 44.99
Bought COUP @ 30.04
Stocktrader
Hi Stocktrader,
Good luck with COUP....
Saleem
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