Indices down .53% to 1.10%.....

Indices are lower on weak economic news and to correct overbought condition. Indices are well above lows of the day, IF we close green in any indices, it will be an extremely bullish signal.

S&P 500 @ 2782.97, low 2767.65, high 2816.87

Internals are negative by 2 to 1

Oil UP 38 cents

Gold Down $10.00

Canadian $ Down 20 tick @ .6685

VIX UP 12.75% @ 15.30

In my portfolio :

Added 100% TSLA @ $298.95

Bought AMD @ $23.92

Bought FB @ $163.65

Bought ESTC @ $87.39

Portfolio weighting FB 22.50%, TSLA 19.30%, TWTR 18.50%
                                 SQ 17.70%, AMD 15.80%, ESTC 6.20%

Most stocks are down

@ 2.09 PM following are green FB AMZN AAPL BZUN 
MOMO PHM KORS BABA LRCX YY CTRP MRVL
RIG LNG CIEN KBH CMG GG AEM...

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed