Stock market gave a stunning performance on the very first trading day of the year.All indices were @ highest level & close in two years......
But as usual, Guy Adami is NOT impressed with this TAPE & remains "proudly bearish"....has not learnt to change his mind, when he has been proven wrong since March 2009 ???
As we still have many skeptics who were predicting pullback for weeks...this rally may have lot of room still left.....this time many skeptics will be forced to join this rally which will propel this run much further.....RSI may go into highest level which may be close to 90......
Strong stocks which went UP $ & % wise included :
PCLN +$16.44
AAPL +$7.01
AMZN +$4.22
FFIV +$4.17
RVBD+$2.65
MGM+53 cents
BAC+85 cents
CRM+$4.60
GS+$4.89
GOOG+$10.38
WYNN+$5.15
LULU+$3.16
Nice to see these outsize gains in many strong stocks.
AH Futures Down
AH Asian Markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
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