China retaliated by lowering its currency to reduce impact of higher tariff in USA and stopped buying agricultural products from USA... a two prong attack to 10% proposed hike in import duties for Chinese goods......
Now latest tweet is for Fed to lower interest rates to deal with Chinese Yuan devaluation....so it goes on & on......till exhaustion sets in.....
Nasdaq in general and Chinese / US Semiconductor stocks in particular are being trashed.....
S&P 500 @ 2845.87, low 2844.31, high 2898.07
Internals are negative by minimum 8 to 1.....a deeply oversold condition.....
Oil Down 99 cents
Gold UP $19.30
Canadian $ UP 8 tick @ .6804
VIX UP 30.38% @ 22.96...near high of the day....
Portfolio AMD BZUN CIEN CRON FB TSLA
Most stocks are down
@ 2.11 PM following are green :
NEM AEM GLD NIU OSTK.....
BLOG does NOT give buy or sell.
Saleem
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