Market 2017-12-05 (Bonds, TOL, and more)

Although Tech bounces back a little today, it is alarming today as the weakness persists. Bulls struggle to support QQQ 50-day moving average, and the direction is unclear now. Money continues to flow to safer choice --- Bonds (yields drop). However, Gold is down (GLD -0.7%).

Regarding Sectors, the movements are pretty much the opposite to yesterday with less volatility, expect that non-cyclical consumer goods still outperforms and weakness in unitilities hangs.

Winners

FOX +0.5%. CNBC reported that it is near asset sale to Disney (-2.7%).

Tech: FSLR +6.9%, MU +3.3%, SQ +2%, WDC +1.9%, AMZN +0.7%, FB +0.8%

VLO +2.6%, PSX +0.8%


Losers

UNG -2%, -9.1% in a week, still in a downward channel.

Chinese: MOMO -3.9%, QD -4.8%, WB -1.6%, NTES -3.3%

TOL -7.4%, missed ER a little. This could be a buying chance.

BGS -7.3%, I don't know the reason

MAT -5.3%, I have explained the recent down-trend a few days ago


My Trades Today

Double down on UNG, as weather cools down, there might bounce-back for short-term play.

Add more QD, frustrated here.

Add more LIT to average down.

Initiate position in CVS @ $70.7

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