Wednesday, August 4, 2010

Higher highs for Dow & S&P 500...NICE !!!

Indices were UP .41% to .88%...Nasdaq being the strongest.....

Internals of the market were much stronger than closing numbers as listed below :

UP volume led by 2.24 to 1 in NYSE & 2.35 to 1 in Nasdaq

Advancing stocks led by 2.89 to 1 in NYSE & 1.99 to 1 in Nasdaq

New 52 wk highs expanded to 264 in NYSE & 48 in Nasdaq

RSI @ close were as follows :

Dow 64.45

S&P 500 61.70

Nasdaq 59.36

We MAY be looking @ minimum 70 RSI in this bull run......

VIX Down 1.86 to 22.21

Stocks which were UP 2% or more included SNDK,LVS,BIDU,EGO,
CRUS,VMW,GOOG,GS,MA,NDN,X,EXPE,M,IPI,POT,AGU,AMZN,
IAG,GG,JDSU,CIEN,FUQI......

In my portfolio :

Bought JASO @ $6.19

Portfolio is JASO,LVS,RIMM,SNDK......

AH Futures Down

AH Asia UP

AH Oil Down

AH Gold UP

BLOG does NOT give buy or sell.

Saleem

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