Indices were UP nicely on better than expected data worldwide.
Internals were as follows :
UP volume led by 4.03 to 1 in NYSE & 4.56 to 1 in Nasdaq
Advancing stocks led by 3.36 to 1 in NYSE & 2.85 to 1 in Nasdaq
New 52 wk high were in the lead, 180 in NYSE & 70 in Nasdaq
VIX down 1.84% @ 22.97
S&P 500 closed @ 1277.06, RSI 60.20
Oil closed @ $102.96
Gold closed @ $1600.50
AH news :
APKT down 17.79% in AH volume of 1,037,409....warning on Q4 Sales & EPS
TIVO UP 14% on $215 million patent settlement from AT&T
Stocks which were UP 3% or more included AMZN,FIO,LVS,RVBD,RIMM,
AUY,CLF,PCLN,FCX,MOS,CNQ,
SU,MPEL,BIDU,SLW,GOOG,TCK,
TLM,MS,JDSU,C,BAC......
About market TAPE, it was NOT as robust as it could have been. We did not close near high of the day either. How we close on Wednesday will be a tell tale about strength of this market. A confirmation green close on Wednesday will be very healthy.
AH Futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
6 comments:
SALEEM
Good day my Friend
I agree with your market analysis--today market futures are down
Fast Money was way negative on the market! Yeks
Lets hope for a greed close today...
Best to all
C
Hi C,
Market remains choppy.
German Dax gained 4.5% while we were closed.....factoring Friday we closed UP barely 1%.....not a sign of strength.
Saleem
SALEEM
Are you familiar with the chart with a Golden Cross?
Blomberg was touting it am a predictor of 57% chance of positive market over the nest 6 months--I think that is what was said!
Some times the news is to fast for me to catch.
thanks
c
Hi C,
YES...i am very familiar & i wrote about it in my pre-new year BLOG last Friday......
Dow made a golden cross yesterday..but it may lose it today....
Saleem
SALEEM
Do you like gold at this point
If so is FCX or AUY at a buy point
FCX: RSI 57 rated long, S&P 4stars
AUY: is RSI 54, Second Opinion - Neutral, S&P n/a
Thoughts
thanks
Hi C,
FCX is strong buy.
Saleem
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