Not only Dow closed @ new 2012 high, but went to highest close since Dec 2007.
S&P 500 closed @ 1405.82
RSI 57.83
Internals were :
UP volume led by 2.62 to 1 in NYSE & 1.14 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & .88 to 1 in Nasdaq
New 52 wk high were leading, 200 in NYSE & 118 in Nasdaq
VIX closed @ 16.60
Oil closed @ $106.16
Gold closed @ $1662.40
Stocks which closed UP 1% or more included LSI,
LEN,CMG,LULU,CNQ,TCK,SU,M,ZNGA,MS,
LRCX,MU,VECO,C,SNDK,KORS.....
AH ER :
BRCM Down 2.06%
OTEX Down 4.32%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, technically indices are in a major uptrend. Indices do not make multi-year highs in isolation, it is happening, because there is support in TAPE. I know many pundits are wishing European PMI will take this market down, BUT this TAPE is capable of gathering steam when nobody is expecting.
BLOG does NOT give buy or sell.
Saleem
Hello Saleem
ReplyDeleteYesterday was nice
copper and Gold and BDI are all down today
ROST is a hot potato--keeps going up! a J Cramer fav!
My SLRC is finally green , one a very few
Hoping for a green close..
VGood day to all
C
Hi C,
ReplyDeleteDoes not look good for my portfolio.....
3% UP move is great for SLRC, especially today....
Saleem
Hey Saleem,
ReplyDeleteI'm very tempted to sell CF ahead of earnings. What do you think?
Hope all is well--I've got a sick house :(.
Stocktrader
Hi Stocktrader,
ReplyDeleteBased on POT & MOS earnings, it will be wise to reduce risk by selling ahead of ER...especially when you have profit to book.
Hope your family get well quickly.
Saleem
Saleem
ReplyDeleteWhat a move in LEN
MS continues to be pounded. At least for me it is.....
Sold my LVS for lunch money--Itchy hands....
I still have CNQ yuk performance
C
Hi C,
ReplyDeleteLunch money is a good strategy.
Yes LEN is going to mars.....
Saleem