Indices are higher on renewed allocation to equities and removal of China from currency manipulator list. Indices are near high of the day.
S&P 500 @ 3281.17, high 3283.81, low 3268.43
Internals are positive by 2.3 to 1
Oil Down 74 cents
Gold Down $9.90
Canadian $ UP 8 tick @ .6958
VIX Down .56% @ 12.49
In my portfolio :
Sold CIEN $42.39
Sold NIO $3.66
Sold MRVL $27.22
Sold MOMO $39.20
Sold LSCC $22.10
Why all the selling...As I had a very good year last year, felt a need to completely revamp my portfolio to new ideas. Also felt today's CHINA removal from currency manipulator list takes away the focus from signing ceremony which now may create " sell the news ".....YES I have been wrong before many times .....
Portfolio CLDR MU TWTR
Most stocks are UP
@ 2.16 PM following are red :
TWTR XLNX MCD BIDU AEM GLD FEYE UAL
MGA OSTK SU KBH IBM CNX.....
BLOG does NOT give buy or sell.
Saleem
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