Indices were under pressure right from the open, but closed near highs of the day.
S&P 500 closed @ 1352.46
RSI 53.95
Internals were :
Down volume led by 2.05 to 1 in NYSE & 2.03 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & 1.33 to 1 in Nasdaq
New 52 wk highs were leading, 183 in NYSE & 74 in Nasdaq
VIX closed UP 5.15% @ 17.98
Oil closed @ $85.99
Gold closed @ $1589.10
AH ER / News
AMD Down 10.50%
INTC Down 1.11%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, Indices are resting above 50 DMA which is a good thing. Earning season strength should give a lift. Earning warnings are playing out in Tech sector. I suggest staying the course in better performing stocks.
BLOG does NOT give buy or sell.
SALEEM
ReplyDeletegood market analysis
My APPLE is up 4$0 so far
More to come-I am looking for $650 to $700
with earning it could happen?
REITS are still v hot.
Lets have BIDU --rock
VBTA
Hi C,
ReplyDeleteThanks for your feedback.
AAPL has been looking good for a while, this is a good omen for market.
BIDU will be fine..it IS undervalued...
Saleem
Saleem
ReplyDeleteHey
Looks at BIDU
Any news on it
Market sold off from the high is all that I see
thanks
C
Hi C,
ReplyDeleteNo news on BIDU which i am aware of.
When market turns lower...many stocks go down fast.
Saleem
Hey Saleem,
ReplyDeleteBought TNA @ 54.72718. I felt the market was bottoming, but couldn't find any specific stocks I followed that I liked so went with the generic again.
Stocktrader
Hi Stocktrader,
ReplyDeleteI think TNA will be good, market may have formed a bottom.
Good luck.
Saleem