Indices closed green again.
S&P 500 went to 1414 @ its highest point today, closed @ 1409.75.
RSI closed @ 73.15
Internals were :
UP volume led by 1.22 to 1 in NYSE & 2.73 to 1 in Nasdaq
Advancing stocks led by 1.70 to 1 in NYSE & 1.56 to 1 in Nasdaq
New 52 wk high were in the lead, 127 in NYSE & 166 in Nasdaq
VIX closed UP 3.94% @ 15.04
Oil closed @ $108.09
Gold closed @ $1667.30
Stocks which were UP 1% or more included CNQ,MS,
CLF,PCLN,AAPL,BWLD,LULU,FCX,SU,NTES,LVS,
QCOM,BIDU,GOOG,APKT,MA,V,BRCM,FNSR,C,
ARUN......
AH ER ADBE Down 4.52%
AH Futures UP
AH Asian markets UP
AH Oil & Gold Down
About market, it must be in deep trouble as our all knowing, Doug Kass made his 5th paid / unpaid appearance on CNBC telling us about his imaginary AAPL short @ $605( never traded until late AH today) & covering it @ $583...never saw AAPL trade in that range.
His "holiness" also reduced his fair value of S&P 500 today from 1345 to 1335......remember that is where he declared his large short on the market....several weeks ago????
Despite bears who have been wrong for @ least 13 wks, market seems to be in good shape. Strength of this market is evident, based on how we close. BUT pay attention to RSI......
BLOG does NOT give buy or sell.
Saleem
2 comments:
GOOD Morning Saleem
Stock futures point lower on China worries, housing data
Mining giants BHP Billiton and Rio Tinto see a cooling Chinese economy. A report on US housing starts disappoints. International markets tumble. Gold and oil prices decline. Stocks to watch: Adobe, Amazon
I cut a and paste this for discussion--only
I too Listened to D Kass of stupid money--He has got to me to be either a liar or broke maybe both.. APPLE never traded in the price range he shorted at--Now just maybe, he gets special treatment --Mr. big shot!!! :)
Dry Bulker day rates are up --but FRO down graded may kill SFL big run...
Today may be a real sell off! My APPLE is down!
Best of luck to all
C
Hi C,
AAPL regular trade high is $601.77 ..check 52 wk high low ..enough said.....
A little give back may not be so bad......
Saleem
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