Indices closed near upper end of trading range.
S&P 500 closed @ 1121.90 best close since 1040 reversal....
RSI in S&P 500 @ close 62.53
Internals of the market were extremely impressive as listed below :
UP volume led by 6.20 to 1 in NYSE & 9.56 to 1 in Nasdaq
Advancing stocks led by 3.49 to 1 in NYSE & 3.92 to 1 in Nasdaq
New 52 wk high was 226 in NYSE & 96 in Nasdaq
Overall a very healthy TAPE....thanks to agreement in Basel about banking liquidity & Chinese industrial production...
VIX closed Down 3.55% @ 21.21
In my portfolio :
Closed my short in AAPL.....
Portfolio LVS with covered call Sep $32
AH Futures Down
AH Oil Down
AH Asian markets Mixed
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Good morning
how are you
APPLE is up so far....the direction
of the marekt is very hard to tell
it has low volume-so money is on side lines--
also elections to day! Yeks!
best to all
Hi C,
I am long AAPL now...
This is a fast trading market..which i am lovi'n it.
Saleem
SOLF is breaking out to the new 52 week high. Sold MU. The stock has risen too much in couple of sessions.
Will be on the sidelines for this week and enter after some correction in the market.
Thanks Mike and Saleem for your inputs and thoughts on the market.
I love this blog.
Param
Hi Param,
I follow the TAPE...it was constructive yesterday....
I bought SOLF this AM @ $12.02...
Saleem
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