Friday, February 2, 2018

Indices closed down 1.96% to 2.54%......

Indices closed @ low of the day in reaction to rising interest rates, March increase in Fed funds looks very probable.

S&P 500 @ 2762.13, low 2759.97, high 2808.92

RSI @ 46.08

CMF @ 0.186

Internals were :

Down volume led by 13.26 to 1 in NYSE & 3.58 to 1 in Nasdaq

Declining stocks led by 9.38 to 1 in NYSE & 5.13 to 1 in Nasdaq

Net new 52 wk lows were leading by 307 in NYSE & 94 in Nasdaq

VIX UP 28.51% @ 17.31

Oil @ $65.45

Gold @ $1337.30

Canadian $ @ ,7614

Stocks which closed green included NTES
ROKU NFLX OLED AMZN CIEN SSC 
ULTA.....

In my portfolio...SOLD LRCX @ $179.82

Here is my portfolio weighting :

NTES     54.50%

FSLR     17.10%

CTRP    12.10%

MRVL     7.70%

SQ           6.00%

MOMO   2.60%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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