Indices are higher on trade deal with Canada.
S&P 500 @ 2927.48, high 2937.06, low 2925.38
Internals are mixed, declining stocks in the lead in both NYSE & Nasdaq.
Oil UP $1.83
Gold Down $4.00
Canadian $ UP 1.10 cent @ .7206
VIX Down 1.32% @ 11.96
In my portfolio...added 60% HEXO.TO @ $8.78
Portfolio AMD BZUN FB HUYA RHT HEXO.TO
Most stocks are UP
@ 2.16 following are red by 1% or more :
BZUN FB HUYA RHT SPLK SQ MTCH VICR IQ
BABA CIEN FFIV TWTR YY WB YELP SPWR
FNSR KBH CMG AAL CNX......
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem & Stocktrader,
Not sure if you have seen my comment on previous thread. Any thoughts on Nasdaq weakness today?
Explorer
Hi Explorer,
Nasdaq weakness reflects sector reallocation, its Dow & S&P 500 stocks getting money flow.
Nasdaq may need some well deserved rest.
Saleem
Hi Explorer,
Good news is becoming bad news for high growth and speculative stocks as it makes the Fed more aggressive. The oil breakout is adding to the fears that inflation is rearing its head also.
Stocktrader
Hi Stocktrader,
Did you get some APPN on the Weakness today?
Explorer
Hi Explorer,
I am too bearish on the group right now to do bottom picking, but I might pick up some right before earnings if the price is still depressed.
Stocktrader
Hi Explorer,
I thought VICR's bounce from the morning lows was decent in the face of a continually weakening Nasdaq/Russell 2000. I feel like it's merely technical action that is causing the decline with no analysts covering the stock to defend it. I don't think I'll add any more to my retirement account because I have a full position there, but I may try to pick a trading bottom tomorrow with the 22 RSI and decent candle today on very high volume (i.e. final shakeout).
Stocktrader
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