Friday, February 8, 2019

Indices closed mixed.....

Indices closed mixed but @ high of the day. China & USA are heading for a showdown in trade dispute after 14 trading days, that may not bode well for market long before that, so jitters continue.

S&P 500 @ 2707.88, high 2708.07, low 2681.83

RSI @ 60.62

CMF @ 0.414

Internals were :

Down volume led by 1.19 to 1 in NYSE & .89 to 1 in Nasdaq

Declining stocks led by 1.15 to 1 in NYSE & 1.04 to 1 in Nasdaq

Net new 52 wk highs were leading by 58 in NYSE & 3 in Nasdaq

VIX Down 3.97% @ 15.72

Oil @ $52.72

Gold @ $1312.50

Canadian $ @ .6724

Stocks which were UP 2% or more included SQ
SHOP ESTC IQ ROKU SPLK EXPE PANW 
NTNX TK YELP SINA OSTK.....

Here is my portfolio allocation :

TWTR        39.70%

SQ             37.80%

TSLA         22.50%

Based on 40% exposure...

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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