Indices closed down 2.37% to 3.00%...

Indices closed sharply lower and near major support on everything going wrong for investors and traders. First China retaliated with earlier duties than US, then Fed Chief said nothing new then Trump called enemy to both Chinese head of state and Fed chief.....then Trump ordered US companies to take their business away from China, last tweet imposition of duties much earlier on Chinese goods...Tariff war is in final stages..last salvo fired by both US & China......DOW slumped 700 points before closing @ down 623....

S&P 500 @ 2847.11, low 2834.97, high 2927.01

RSI @ 40.78

CMF @ 0.033

Internals were :

Down volume led by 10.35 to 1 in NYSE & 5.48 to 1 in Nasdaq

Declining stocks led by 4.57 to 1 in NYSE & 5.27 to 1 in Nasdaq

Net new 52 wk lows were leading by 10 in NYSE & 123 in Nasdaq

VIX UP 19.12% @ 19.87...quite tame considering trade tension???

Oil @ $54.17

Gold @ $1537.60

Canadian $ @ .6677

Stocks which closed green included NEM AEM GLD 
SPLK NTNX....

Here is my portfolio weighting :

AMD           28.50%

CIEN          22.30%

TWTR       19.80%

BZUN       18.00%

SPWR      11.40%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed