Indices closed UP on better volume.
Internals were strong with minimum 4 to 1 on the upside
All indices are above 200 DMA & their next milestone will be , when they take out 50 DMA.....
First time more new 52 wk highs in both NYSE & Nasdaq
Many stocks regained their technical strength, as they were oversold & most pundits are skeptic of any rally...
Most technical breakout in stocks were on heavy volume, a very good technical indicator.
Stocks which were UP 3% or more included AAPL,
ATML,CNQ,LULU,TZOO,SVM,FCX,LVS,BIDU,SINA,SOHU,
RVBD,MPEL,SLW,AG,RVBD,FFIV,VMW,APKT,CMG,MOS,
PCLN,RIMM,AMZN,NTES,CRM,ARUN,CRUS,C,CIEN,JDSU,
FNSR......
AH Futures Down
AH Asian Markets UP
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
6 comments:
S
See this on TZOO:
Price Support Pivot Point Resistance
63.29 54.37 58.56 62.75
WOW up $3 smackers
and APPLE got it;s MOJO back
FFIV is up
LULU is holding here--resting maybe for the split 7/1......
I got AGNC, IVR great divi's
Best to all
Hi C,
TZOO upgraded target $124...
SOL is flying UP almost 12%..
Life is GOOD !!!!
Saleem
Saleem,
Where do you see the S&P going on this rally?
Hi Victor,
My near term target is 50 DMA which is @ 1319.76.....then basing again.
Saleem
Saleem,
What happened to TZOO? It could not hold on to its gain. I thought it would run to 70s where it should belong. Thanks.
Michael
Hi Michael,
One of these days TZOO will be UP like SOL today...until then we just wait it out.
Saleem
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