Indices closed mixed.
S&P 500 @ 2923.43, low 2919.37, high 2931.42
RSI @ 61.90
CMF @ -0.107
Internals were :
Down volume led by 1.03 to 1 in NYSE & 1.50 to 1 in Nasdaq
Declining stocks led by 1.56 to 1 in NYSE & 2.16 to 1 in Nasdaq
Net new 52 wk lows were leading by 121 in NYSE & 91 in Nasdaq
VIX UP .42% @ 12.05
Oil @ $75.23
Gold @ $1207.00
In my portfolio Sold HUYA @ $21.14
Portfolio AMD FB RHT HEXO.TO
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed near low of the day and only Dow closed UP. Internals were all negative. TAPE is faltering badly for 2 days with internals being leading indicator of weakness, I am extremely uncomfortable with this TAPE and may see downside action accelerating. I have taken defensive action by reducing my exposure by 30%.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Stocktrader & Explorer,
Bought FSLR @ $49.25
Saleem
Hi Saleem,
Cut TRIL almost in half @ 5.35
This is an investment that's not working despite catalysts, so I need to move on. I will look to sell the rest at some point.
Stocktrader
Hi Saleem,
Good luck with FSLR.
Stocktrader
Hi Stocktrader & Explorer,
Bought VICR @ $41.75...
Saleem
Hi Saleem,
Good luck with VICR & FSLR
Explorer
Hi Saleem,
Good luck with VICR. It should be very interesting earnings.
Stocktrader
Hi Stocktrader,
Watched VICR fly from $30 area to $60++++ for you....
Lets see how it does now to end of October...
Saleem
Hi Explorer,
I bought some PRU calls in my trading account earlier today. It looks like a good breakout on the chart along with positive analyst commentary recently and rates/equities moving higher.
Stocktrader
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