Indices closed down.
S&P 500 @ 2500.60, low 2499.00, high 2507.16
RSI @ 62.32
CMF @ 0.278
Internals were :
Down volume led by 1.43 to 1 in NYSE & 1.98 to 1 in Nasdaq
Declining stocks led by 1.35 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 128 in NYSE & 89 in Nasdaq
VIX Down 1.12% @ 9.67
Oil @ $50.55
Gold @ $1294.80
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed down @ low of the day, stocks were overbought which is reflected in VIX which came near 52 wk low of 8.84. North Korea is threatening detonation of nuclear bomb in pacific ocean ( translation near Guam ), this is a serious escalation of "rhetoric" and may escalate further in action. There is only a closing BLOG on Friday's by 7 PM.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Trimmed a little FCX @ 13.99
Cut some SWN @ 5.84
Stocktrader
Hi Saleem,
Bought ACIA @ 46.80
A really great note out this week got me interested, and combined with the huge China Mobile tender offer last month makes this a good risk/reward I believe.
http://www.barrons.com/articles/acacia-can-ride-the-rise-of-silicon-photonics-says-mkm-1505777100
Stocktrader
Hi Stocktrader,
Good luck with ACIA.
Saleem
Hi Saleem,
Bought some FSLR @ 51.30
Now that the ITC ruling is out, FSLR seems poised to do quite well going forward. I trimmed IP and more FCX SWN to free up the cash.
Stocktrader
Hi Stocktrader,
What a move in FSLR.....
Good luck !
Saleem
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