Nasdaq ,S&P 500 & NYSE are leading the charge towards new 09 highest close......
Highest close is very significant from technical point of view & bodes well for DJIA to catch UP...
Internals of the markets were stronger than closing numbers would indicate.....here is the closing analysis for today :
UP volume led by 2.01 to 1 in NYSE & 4.12 to 1 in Nasdaq
Advancing stocks led by 2.61 to 1 in NYSE & 2.50 to 1 in Nasdaq
New 52 wk high 157 in NYSE & 94 in Nasdaq
New 52 wk lows were 1 in NYSE & 5 in Nasdaq
Strength of this market is clearly evident IF you dig deeper......
AH Futures are GREEN in S&P 500 & Dow but RED in Nasdaq
AH Nikkei is UP 174 points or 1.69%
AH Oil is UP
VIX closed Down 5.07% @ 24.32
AH TXN & SWKS increased their guidance on stronger demand......
Strong stocks included SINA,NTES,AMZN,IBN,ISRG,GOOG,BIDU,MA,
GS,GRMN,LRCX,EBAY,WFR,SOHU,X,KLAC....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
NVDA moving up despite analyst poor predictions. CMED stumbling over own feet??? Moving up again???
Hang Seng market on a tear! Only 7k points back to top! We should have loaded up on that index. Art Cashin is eating crow about now.
Best Regards
Hi Standards,
Many semis have surprised me..they are all @ new 52 wk high....
CMED business prospect are not as strong as before....short covering is the reason for technical bounce.
Most EEM countries are on a tear...
Art non-Cashin..what a joke he has been for last 6 months....only CNBC will have him daily???
Saleem
SALEEM
Hey guys Green so far today.
My GS is on a tare again what is wrong with POT. GE is backing off some!
Hi Madmax,
POT is down in sympathy with MON announcement...
By the way POT is down the least in AG sector check % down....
Stay put in POT...it is agreat long term HOLD.....
Saleem
Hi Madmax,
Remember GE hit the magic GS touted number of 15! Now some pullback....also GE pulls back about a point close to options expiration and traders adjust their positions. Good time to grab some at a discount.
Best Regards
SALEEM
Thanks to all of you for your responses
I was expecting APPLE to blast today.
I am so sorry to see MON taken to the wood shed
regards
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