Friday, 7 December 2018

Indices closed down 2.24% to 3.05%.....

Indices closed near low of the day on China US trade escalating further with the arrest of CFO of HUAWEI who is the daughter of founder, not a confidence building act. Even Fed statement of recommending no hike in December did no good.

S&P 500 @ 2633.08, low 2623.14, high 2708.54

RSI @ 39.32

CMF @ 0.046

Internals were :

Down volume led by 4.19 to 1 in NYSE & 4.70 to 1 in Nasdaq

Declining stocks led by 2.08 to 1 in NYSE & 2.63 to 1 in Nasdaq

Net new 52 wk lows were leading by 283 in NYSE & 254 in Nasdaq

VIX UP 9.63% @ 23.23

Oil @ $52.61

Gold @ $1252.60

Stocks which closed green included AEM ABX CRON
CGC TLRY LNG YELP SU

In my portfolio :

Sold AMD @ $20.45

Bought BZUN @ $35.65

Here is my portfolio weighting :

NVDA         34.2%

SQ              32.90%

BZUN        18.20%

ROKU       14.70%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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