Monday, February 6, 2012

Another constructive close, down .04% to .13%....

Despite overbought conditions & no agreement in Greece, indices came close to break even.

Internals were negative as listed :

Down volume led by 1.14 to 1 in NYSE & 1.40 to 1 in Nasdaq

Declining stocks led by 1.44 to 1 in NYSE & 1.42 to 1 in Nasdaq

New 52 wk highs were in the lead, 104 in NYSE & 93 in Nasdaq

VIX UP & closed @ 17.76

Oil Down & closed @ $96.91

Gold closed Down @ $1724.90

AH ER :

YUM UP 2.15%

CSTR UP 16.73%

PMCS Down 6.08%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, S&P 500 closed @ 1344.33, CMF rising @ 0.437, RSI 73.16. I have a strong opinion, that we may see 80+++......based on inflow of funds & momentum, we are headed higher to challenge previous highs of 1380 area......

BLOG does NOT give buy or sell.

Saleem

4 comments:

c said...

Saleem


I think that you are correct market is going higher.

J Cramer says market is climbing higher too!

The tankers are going up--GNK up huge yesterday

best to all
C

Stocks100 said...

Hi C,

Thanks for your feedback.

Once Greece gices OK..we are off to the races$$$$$

Have not followed GNK for a while.

Saleem

c said...

SALEEM

IT would seem that we are lousing volume
perhaps expressing exhaustion ??
A lot of stocks are up today!

what happened to CNQ? any ideas?

thanks in advance
I bought some EXC a utility sold GE and KLAC

C

Stocks100 said...

Hi C,

I check volume & other stat around 2 PM & @ close.

Looks like..a guess....based on high volume & weak price that CNQ was downgraded by someone.

Good you are booking profit.

Saleem