All indices were UP from 1.44% to 1.99%..Nasdaq being the strongest.....
AH INTC strong ER giving lift to all techs in AH...INTC UP another 7.04% AH in huge volume of 18.69 million shares in AH...
Internals were strong all over..even Nasdaq had more new 52 wk highs today..first time since test of 1010 in S&P 500.....
Volume also was higher.....
ONLY surprise of today was..... that VIX actually moved UP .53% to 24.56 ?
Technically speaking Dow closed above 50 DMA & is only 7 points away from closing above 200 DMA also......good technical picture....
S&P 500 also went above 50 DMA but closed fractions lower.....
RSI in S&P 500 is 55.98.....60 area MAY trigger profit taking......
AH Futures are UP
AH Asian markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteI know you will cash out profit as you see it. However, I think SNDK will retest new high soon. What's your thought? Thanks.
Michael
Hi Michael,
ReplyDeleteSNDK has a very high probability of hitting new highs....
I may buy it back on Friday or sooner depending on the price.
Booking profit is never a bad idea especially when indices have moved UP six days in a row.....
Last time market corrected big time after seven days of gain ????
Saleem