Friday, September 1, 2017

Indices closed UP .10% to .20%....NICE !!!!!

Indices closed UP despite lower than expected job growth. Internals were mostly strong.

S&P 500 @ 2476.55, high 2480.38, low 2473.85

RSI @ 60.13

CMF @ -0.014

Internals were :

UP volume led by 3.32 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 2.29 to 1 in NYSE & 1.92 to 1 in Nasdaq

Net new 52 wk highs were leading by 156 in NYSE & 171 in Nasdaq

VIX Down 4.34% @ 10.13

Oil @ $47.29

Gold @ $1330.40

Canadian $ @ .7628...highest level in 2 years against US$

Stocks which were UP 1% or more included AMD BIDU LULU
MCHP SPWR CSIQ FSLR OCLR WB MU CY TECK FCX
UA LVS SINA SU CNQ CHK RIG LNG CIEN WYNN
MGA MS CRUS KORS NKE CMG AAL X M CNX
PANW......

In my portfolio...Bought NFLX @ $175.55

Here is my portfolio weighting :

NVDA    30.31%

MOMO  30.19%  

NFLX    13.81%

CTRP    13.00%

SNAP    12.69%

Next post by 2 PM on Monday ( due to long weekend )

BLOG does NOT give buy or sell.

Saleem

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