chiu index closed at 1142.618 -1.26% for the thanksgivings shortened week. this compares with the spx's -1.21%. ytd, chiu index now +22.66%. the spx is +3.19% in 2007. chiu index -13.94% from 10/31 high for 2007 as well as the index's ath of 1327.78. spx is -7.89% off its ath reached 10/9 of this year.
goog is above the 50% retracement off recent ath and aapl is within that level.
top stocks in chiu index:
1. aapl at 3-0 sell
2. goog at 3-0 sell
3. bidu at 4-0 buy
spx at 4-0 buy and needs a close Monday above 1433.27 for a 1-0 sell count.
spx closed last week at 1440.70.
Hi Paul,
ReplyDeleteI hope you and your family had a wonderful holiday!
How is your little one doing?
It's a nice time to be away from this market. The selling is relentless...but BIDU and AAPL looked strong today. Just don't know how long they can swim upstream against a bear market...
Do you think we're in a bear? Do you think we may get that seasonal end of year rally or is that kaput?
best,
Kate
hi katie
ReplyDeletethanks for asking about billy.
he's been well and we started playing some playground ball again.
in fact, we spend 2 hours outside in a rare clear day in new york for some time. it was refreshing and he had lots of fun running around with friends and dad.
addressing your points.
aapl is now 6-0 sell
bidu is 3-0 sell
spx is 1-0 sell finally and will need a close below 1416.77 today to remain at 7-0 buy. so things maybe looking better.
i was out shopping and the apple store, tiffany, and sacks 5th ave were all filled with people, so i don't buy into the recession talks. of course, i am in new york and tons of shoppers are either european or asian with their strong currencies here spending money on cheap us goods. that aside, unless the fed does something stupid december, i do not see a bear market.
paul