Indices closed UP 3 days in a row in high volume.
Internals were positive.
Today was the day when VIX slumped almost 10% & Gold,Oil,Silver & stocks were UP.
S&P 500 closed @ 1307.41, 50 DMA is @ 1316.94 which should be taken out with ease.
RSI in S&P 500 is 54.55
As we all know, that this rally started when Adami & Kass were predicting major lows in S&P 500 AGAIN.There were many scared traders who believed in all the doom & gloom.Slowly they are coming back.Individual investors were most pessimistic.Today volume was high to confirm increasing participation......BUT holidays are coming so volume may drop off again. Canada is closed on Friday for our July 1st independence day & you are closed on Monday for July 4th holiday.Many traders are taking off from Thursday till Tuesday.
Stocks which were UP 2% or more included SOL,SVM,
UXG,FCX,RVBD,MPEL,FFIV,SLW,AG,CNQ,MOS,MA,V,
BAC,C....
AH Futures Mixed
AH Asian markets UP
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
11 comments:
S
I guess that today will be out last good volume trading day
LULU is down 2 bucks any news on that??
TZOO is up 50cents all in premarket..........
J Cramer like Starbucks coffee be to!
Have a good one
Hi C,
LULU swings $2 in nano-second.
I am not aware of any news ?
SBUX is good.....
It should be another Good $$$ day.
Saleem
S
LULU was down graded today
to neutral
Hi C,
Not having much of an effect..only down barely $1.
Saleem
S
So SOrry --good morning to you
Looks like LULU saw the low of today $109.73
BIDU up
FCX is a rocking, I see $54 coming
best to all
Saleem,
S&P is above its 50 DMA. Will it go up from here? The market looks strong. However, I am afraid this is the top of this round. I will wait for the U turn before selling my holdings. Thanks.
Michael
Hi Michael,
Monitor your holdings more closely than indices.
Many stocks will outperform indices.
I am always stock focus...but do keep an eye on any U turn.
You will do well $$$$$
Saleem
Michael
Go baby go!!@
Good call I am looking at STUX and CBOU at teh 52 week highs both destined to go higher IMHO I am waiting for a sell off
Not happening today... Did you get LULU again?
C,
No, I did not. This morning I woke up at 5:10am and saw LULU was only 99s and saw the downgrade. I should take the chance. However, I missed that. The market looks unstoppable now. This may due to end of the month window dressing. Well, I am in the money again and ready to take gain.
Michael
Hello to all
Sold LULU for $113.10
I did not want to see it drop on me by the end of day and end of quarter profit takers....
I may have got out to soon form LULU can CAT but cash is king
FCX is looking strong it seems to be in break out mode
best to all
Hi C,
As long as you make money..it is good to book profit.
Saleem
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