Indices closed down.
S&P 500 @ 2701.33, low 2701.29, high 2747.75
RSI @ 46.82
CMF @ -0.101
Internals were :
Down volume led by 2.55 to 1 in NYSE & 1.25 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & .81 to 1 in Nasdaq
Net new 52 wk highs were leading by 5 in NYSE & 46 in Nasdaq
VIX Down 2.82% @ 20.02
Oil @ $61.68
Gold @ $1332.10
Stocks which were UP 1% or more included BZUN FB WB FCX
FFIV TWTR ALDR FNSR MGA CMG AAL....
AH news....MLNX UP 10.09%, AAOI Down 13.11%
ROKU Down 22.11%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was celebrating Fed minutes showing rapid growth in US economy, Dow shot UP 300 but then 10 year Bond yield jumped to new 4 year high @ 2.94% closing @ 2.935%. Indices @ closed @ absolute low of the day, surprisingly VIX closed down on the day. I guess Bond yield is going to decide every day equity action.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteBought TNA @ 69.60
Lacking a better specific stock idea, but wanting market exposure, I went for TNA.
I think yesterday's shakeout was perfect to get the weak hands out and start the rebound again as yields remain fairly tame and fears are overblown.
Stocktrader
Hi Saleem,
ReplyDeleteAdded a little more TNA @ 69.57
TNA is 18.1% of the portfolio now.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with TNA. .heavy weighting should work out pretty good!
Saleem
ReplyDeleteHi Stocktrader,
Sold 50% NTES @ $311.85....
Saleem
Hi Saleem,
ReplyDeleteGood run off the bottom for NTES to take some exposure off.
Stocktrader