Monday, July 26, 2010

All indices closed higher.....NICE !!!!

Indices closed near high of the day.....

S&P 500 closed above 200 DMA....

Internals were strong.....

RSI in all indices are above 60 with Dow @ 61.35....

Risk/Reward ratio should be monitored closely @ these levels....

Indices CAN overshoot based on overall enthusiasm with technicals in place....

VIX closed Down 3.15% @ 22.73..lowest level in a while....

Here is a list of strong stocks with RSI @ today's close :

RVBD 77.12
CRUS 74.25
VMW 68.33
CREE 67.41
BIDU 65.37
LRCX 60.48
TCK 60.20
LVS 59.18
BCSI 56.26
AAPL 53.91

Stocks which were UP 2% or more included :

CREE,SNDK,BCSI,CRUS,WDC,SOHU,
PMCS,M,BIDU,JDSU,CIEN,FNSR,
JASO,C,BAC,FUQI.....

AH Futures Down

AH Asian markets UP

AH OIl & Gold UP

BLOG does NOT give buy or sell.

Saleem
at

2 comments:

  1. madmaxJuly 27, 2010 at 5:41 AM

    SALEEM

    Good Morning to you
    EGO is looking up today as are the tech's

    How is the family and how are you?
    I pray that all is well

    M

    ReplyDelete
  2. Stocks100July 27, 2010 at 7:17 AM

    Hi Madmax,

    EGO is down again because of Gold..it MAY turn around IF market is lower.....

    Family is doing well.

    Thanks for your prayer.

    Saleem

    ReplyDelete