Indices closed UP @ high of the day, a very strong follow through day. Jobs report was just right which was slightly below expectations. A rate cut is a given for October meeting as articulated by Fed chief today.
S&P 500 @ 2952.01, high 2953.74, low 2918.56
RSI @ 49.21
CMF @ 0.129
Internals were :
UP volume led by 3.31 to 1 in NYSE & 2.67 to 1 in Nasdaq
Advancing stocks led by 3.12 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 42 in NYSE & lows by 47 in Nasdaq
VIX Down 10.88% @ 17.04
Oil @ $52.81
Gold @ $1512.90
Canadian $ .6663
Stocks which were UP 1% or more included AMD LSCC
JKS FSLR JKS SPWR MRVL IQ MU LRCX AAPL
SPLK VICR AMAT GOOG OLED QRVO WB
GS MA ORCL MS SINA MSFT SWKS
CMG XLNX V......
Here is my portfolio weighting :
AMD 29.50%
CIEN 23.50%
TWTR 20.50
BZUN 13.70%
LSCC 12.80%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
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