Indices were subjected to same old fear about Greece. S&P 500 refused to go below recent low, which triggered a major reversal on high volume.
Indices in US had impressive close, despite European markets closed down almost 2.5%.
Internals were :
UP volume led by 1.65 to 1 in NYSE & 1.37 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.18 to 1 in Nasdaq
New 52 wk lows still leading, 107 in NYSE & 126 in Nasdaq
VIX @ 22.33
Oil @ $89.90
Gold @ $1548.40
Stocks which were UP 2% or more included LEN,LNKD,JCP,
FB,ZNGA,APKT,CLF,TCK,LULU,CMG,AAPL,MOS,GG,
SLW,BIDU,FNSR......
AH ER :
NTAP Down 16.77%
HPQ UP 9.01%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, today was a classic example of NOT paying attention to day to day gyrations. I can assure you, that it is NOT the last "supercomputers driven DOWNdraft or UPdraft". Software is pre-programmed to trigger sell or buy IF certain numbers are the trigger point.So... show conviction & stay with stronger stocks.
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
you be correct about computer driven buys and sells---look at APPLE price movements the past few days--just awful
Lets hope fop less Greece! :):)
thanks for your blog
back to work now!
C
Hi C,
Concentrate on your new job.....
Market will do what it wants to do....no need worrying.....
Good luck with AAPL & your portfolio.
Saleem
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