Friday, September 27, 2019

Indices closed down .26% to 1.13%....

Indices were given another shocker that Chinese companies may be delisted from American exchanges and American companies may be under some restriction in terms of Chinese exposure.....an ugly turn of events even in terms of proposals....Now it is Chinese turn for making similar threats.....an unending saga of tit for tat trade deal strategy....

S&P 500 @ 2961.79, low 2945.53, high 2987.31

RSI @ 48.66

CMF @ 0.174

Internals were :

Down volume led by 1.38 to 1 in NYSE & 2.79 to 1 in Nasdaq

Declining stocks led by 1.38 to 1 in NYSE & 1.94 to 1 in Nasdaq

Net new 52 wk highs were leading by 67 in NYSE & lows by 72 in Nasdaq

VIX UP 7.16% @ 17.22...high today 18.69

Oil @ $55.91

Gold @ $1506.40

Canadian $ @ .6746

Stocks which closed green included CIEN
MTCH NIU NTNX LNG GPRO LVS
GS TRIP MGA ORCL MS MCD 
SU ULTA NKE CMG X M 
CNX......

Here is my portfolio weighting :

CIEN       30.10%

AMD       24.80%

TWTR     17.90%

BZUN    16.90%

LSCC    10.30%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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