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:
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
Hi C,
Thanks for your feedback.
Once Greece gices OK..we are off to the races$$$$$
Have not followed GNK for a while.
Saleem
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
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
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