Friday, January 3, 2020

Indices closed down .71% to .81%.....

Indices closed down on new provocation by USA on IRAN military leadership, resulting in death of top 2 commanders, market took it in stride and managed a half decent close. Economic data in USA was weak and Fed minutes also used cautionary words on low low interest rates.

S&P 500 @ 3234.85, low 3222.34, high 3246.15

RSI @ 65.74

CMF @ 0.112

Internals were :

Down volume led by 1.72 to 1 in NYSE & .98 to 1 in Nasdaq

Declining stocks led by 1.15 to 1 in NYSE & 1.70 to 1 in Nasdaq

Net new 52 wk highs were leading by 199 in NYSE & 95 to 1 in Nasdaq

VIX UP 12.43% @ 14.02

Oil @ $63.05

Gold @ $1552.40

Canadian $ @ .7011

Stocks which closed green included NIO
TWLO IQ TSLA UBER AEM GLD 
FEYE ROKU PHM SPLK CTRP 
PANW NTNX RIG OSTK SU
CMG KBH CNX M.....

In my portfolio...Bought AMRN @ $21.14

Here is my portfolio weighting :

TWTR        24.23%

CIEN        20.61%

LSCC       19.90%

MOMO     8.88%

MU           8.38%

AMRN      8.37%

NIO          6.48%

CLDR      3.15%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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