Indices braved all the ongoing issues of Europe to close on a strong note. Indices closed UP 1.01% to 1.18%.
S&P 500 closed @ 1332.42, high was 1334.93
RSI @ 43.94
Internals were :
UP volume led by 7.82 to 1 in NYSE & 3.06 to 1 in Nasdaq
Advancing stocks led by 3.75 to 1 in NYSE & 2.37 to 1 in Nasdaq
New 52 wk highs were in the lead today, 55 in NYSE & 44 in Nasdaq
VIX closed Down 3.35% @ 21.03
Oil Down @ $90.76
Gold Down $1551
Stocks which were UP $1 or more included COH,LVS,LNKD,
TIF,M,BIDU,APKT,CLF,TCK,LULU,CMG,PCLN,GOOG,
AAPL,AMZN,NTES,MA,BRCM,VECO......
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, Europe is still holding world stock markets back. It remains a struggle on a day to day basis.Its TWO step UP & ONE step Back. But it is a time to position in better stocks for future move UP.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
It was a great day for stocks! I had many stocks rise 4%+ including WWWW (6.0%), APKT (5.3%), CF (4.0%), CLF (4.2%), GWAY (6.0%), PFPT (9.4%), SWC (4.8%).
I did not expect this kind of performance today, but I guess you can't keep the good stocks down forever?
If we could just put Spain on the backburner, I think the Greece situation is out of the news at least until their elections, which are predicted to go well now. This could set up for a multi-week rally into the event as long as the rest of Europe stays contained (wishful thinking?).
Until tomorrow...
Stocktrader
Hi Stocktrader,
Great performance by many stocks in your portfolio.
IF we can recover form Spain Bank refi issue today..it will be very bullish.....
Looking for a better close again....
Saleem
HELLO Saleem
Seems that now China is in the news
as for NOT stimulating their economy
We are gettinf slamed real good by
a world slow down, IMHO that is.
My nat gas plays are awful
CNQ, ERX, LINE...
Yesterday SFL got slapped hard
I guess today, it may recover.
I think that Greece may get kicked out of Euro! The pain in Spain will go away soon..REFI here we come.
Smiles to all
Go APPLE,,,,,,
C
Hi C,
Market will work its way higher "gradually"..as it has to sort many issues..mostly European....
Not a bad time to REJIG your portfolio.....
Saleem
Hey Saleem,
I have been watching NXPI for over a year now, but until recently analyst information was hard to come by due to it being a non-US company. This information is now more readily available, and I am very impressed with the numbers. It is currently on my short list of next buy candidates.
Stocktrader
Hi Stocktrader,
NXPI is trading @ 7.83 forward PE..
Forward Sales $4.6 Billion...
Looks very interesting for a company i never heard of.......
Saleem
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