20:27
Unknown
TAPE was in serious trouble from open & Nasdaq got the brunt of the selling.
S&P 500 @ 1984.13, low 1978.48, high 1987.18
RSI @ 49.97
CMF @ 0.271
Internals were :
Down volume led by 1.44 to 1 in NYSE & 5.44 to 1 in Nasdaq
Declining stocks led by 1.97 to 1 in NYSE & 3.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 48 in NYSE & 53 in Nasdaq
VIX UP 6.09% @ 14.12
Oil @ $92.92
Gold @ $1235.10
In my portfolio :
Sold MITL @ $9.79
Sold RAD @ $6.41
Bought SWIR @ $28.73
Portfolio AKS EGO FB LULU MU SWIR
Exposure 193%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, tonight IBD is changing its market outlook to "market under pressure". Nasdaq internals were horrible with 5.44 to 1 in selling volume, this may have been overdone. We should see some stability in Nasdaq going forward. Today's selling was pretty intense & sudden sharp drop in high beta stocks. Stay with stronger stocks & prune weak stocks which is what i did today.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1984.13, low 1978.48, high 1987.18
RSI @ 49.97
CMF @ 0.271
Internals were :
Down volume led by 1.44 to 1 in NYSE & 5.44 to 1 in Nasdaq
Declining stocks led by 1.97 to 1 in NYSE & 3.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 48 in NYSE & 53 in Nasdaq
VIX UP 6.09% @ 14.12
Oil @ $92.92
Gold @ $1235.10
In my portfolio :
Sold MITL @ $9.79
Sold RAD @ $6.41
Bought SWIR @ $28.73
Portfolio AKS EGO FB LULU MU SWIR
Exposure 193%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, tonight IBD is changing its market outlook to "market under pressure". Nasdaq internals were horrible with 5.44 to 1 in selling volume, this may have been overdone. We should see some stability in Nasdaq going forward. Today's selling was pretty intense & sudden sharp drop in high beta stocks. Stay with stronger stocks & prune weak stocks which is what i did today.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment