Indices are lower again on fear of Fed going too far which I believe it will not. Indices opened lower then turned green and went to its low now, unless we close well above low of the day and above previous close, weakness may prevail.
S&P 500 @ 2555.15, low 2553.00, high 2601.13
Internals are negative by minimum 3 to 1 and as high as 4 to 1.
Oil Down $1.01
Gold UP $8.80
Canadian $ Down 20 tick @ .6598
VIX UP 16.41% @ 25.18
Portfolio BZUN MOMO NVDA SQ
Most stocks are down
@ 2.11 PM following are green :
PHM KORS AEM GG PRNB AMAT CRUS
LRCX QRVO MS SWKS X MU....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
If history is repeated, market could recover big time tomorrow or Wednesday. All bad news already priced in, stocks are super sold. All we need is one positive news.
I will not be surprised if Fed comes back with no raise due to political and market pressure. Will see..
Bought COUP today at 60.02. I don't see too much downside on this at the moment.
Overall the year has been tough but portfolio still end of today is up @15%.
Thanks to the amazing blog, stock insights from participants and the stock pickings.
Thanks
Paramjeet
Hi Paramjeet,
My closing BLOG confirms some contrary indicators which matches your " optimistic view "
Great job on 15%++++ for the year, you are beating all averages..great research on your part plus good timing of IN & OUT....
Saleem
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