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
2 comments:
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
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
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