Technicals in Nasdaq was repaired today,when it moved UP from above lows from Friday....
Dow closed @ new high.....UP .92%
S&P also closed UP...UP .58%
Nasdaq closed UP the most +1.04%
Internals of the market were strong....
VIX closed Down 4.44% @ 17.65
RSI are flashing mixed signal as listed below :
Dow 78.99
S&P 500 67.81
Nasdaq 58.00
It is important to be aware of RSI in indices & in individual stocks,as they can prevent lot of lost equity or conversley they MAY give you lot of $ IF they are low......
It IS PRUDENT to stay in this strong market, but RSI gives you an indication if your stocks are overbought or oversold.....
Currently solar stocks are overbought,based on RSI.....
Here is the RSI in my holdings :
FFIV 24.03
RVBD 40.66
PCLN 51.05
MGM 49.39
AH VMW ER was a beat & guide UP,but stock was Down 4.61% AH
AH TXN ER was a beat ,but stock down 2.45% AH
Stocks ER are going their individual way.....reaction based on expectations,price & technicals.....
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
GOOD morning to you and al bloggers
MAy see some red this day, my APPLE staged a nice come back $$$
My DD should POP today what a earning beet.
My MGM will be a wait and see. Oversold, IMHO!
Have a good one--regards to all
Oh, you did not stray form you conviction--you believed in your picks --I like that.
Lets see where my Verizon goes today I got 500 on the dip last week
Hi Madmax,
Let us see how we close today....
Conviction is what i am doing..let us see how it goes....
Sometimes,no formula works....other times everything works.....
Saleem
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