Indices closed down again, ironically we closed @ high of the day means a mini bounce is coming near your trading terminal.
S&P 500 @ 4499.38, low 4464.39, high 4503.31
RSI @ 51.10
Internals were :
Down volume led by 1.81 to 1 in NYSE & 1.28 to 1 in Nasdaq
Declining stocks led by 1.74 to 1 in NYSE & 1.57 to 1 in Nasdaq
Net new lows were leading by 11 in NYSE & 139 in Nasdaq
VIX UP 1.40% @ 15.99..high today today 18.14
Oil @ $82.06
Gold @ $1959.90
Canadian $ @ .6541
Portfolio SHOP BTCC
Based on how we close and VIX closed, we may get a mini rebound in averages or oversold bounce. Please do not add to your exposure, only keep highest conviction stocks which could also test or break any or all support as we go along. Market has changed for the worse.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Added to TYGO @ 12.23
After disastrous guidance, I think the selloff is too much given management's commentary on the short term nature of the issue. Today hurts...
Stocktrader
Hi Stocktrader,
It IS a different market now, way more challenging going forward....thus my lowest exposure in years...
Good luck with your take on TYGO and more shares....
Saleem
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