Indices were down again and Russell 2000 took the biggest hit.
S&P 500 @ 4704.81, low 4699.71, high 4729.29
RSI @ 56.63
Internals were :
Down volume led by 3.08 to 1 in NYSE & 3.55 to 1 in Nasdaq
Declining stocks led by 2.67 to 1 in NYSE & 2.76 to 1 in Nasdaq
Net new highs were leading by 42 in NYSE & lows by 17 in Nasdaq
VIX UP 6.36% @ 14.04
Oil @ 72.70
Gold @ $2042.80
Canadian $ @ .6638
Portfolio RIOT SNAP ABX CNQ MSFT NVDA LSPD SHOP
Oil did well thus energy was the-best performing sector.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Michael,
Thank you for the generous words!
Saleem and I sometimes have different takes and positioning but we both work hard to try to stay ahead and I think all views can help others understand the risks and rewards of any market time. I have contributed for a long time now, too long to even remember really, and I hope to continue as long as Saleem keeps it alive :)
Stocktrader
Hi Stocktrader,
I really appreciate Saleem's and your due diligence in analyzing the markets and individual stocks. I have been following Salleem since 2007 and it has been an amazing journey. Every Sunday, I really enjoy reading Salleem's summary and your recap of the market during the week and game plan for the following future.
On the side note, I had a small position on SPOT yesterday and it behaved well for last couple of days in spite of the market down.
Michael
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