Tuesday, July 17, 2012

Indices closed UP .45% to .74%...NICE !!!!

Indices were down ahead & during Ben Bernanke testimony, but by end of the day indices closed near highs.

S&P 500 closed @ 1363.67

RSI @ 57.32

Internals were :

UP volume led by 2.58 to 1 in NYSE & 1.31 to 1 in Nasdaq

Advancing stocks led by 2.04 to 1 in NYSE & 1.22 to 1 in Nasdaq

New 52 wk highs were leading, 224 in NYSE & 84 in Nasdaq

VIX down 3.68% @ 16.48

Oil closed @ $89.22

Gold closed @ $1589.50

Stocks which were UP 1% or more included LVS,TCK,
PCLN,CMG,SU,C,SNDK.....

AH ER / News

ARNA Down 7.15%

INTC Down 1.1%

WYNN UP .66%

EMC UP 6.81%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, we had strong Friday & Tuesday. Market has no defined character in terms of sectors. It is important to show long term conviction to your picks to deal with little or no appreciation in stock prices. It is going to be tough going forward as catalyst are missing for now.

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

Saleem


Good day sir

BIDU is showing us love today
Market is a rocking
My REIT's are on fire

Did NOT buy POT---Dennis Gartman said run form Ags
My NYX is good up .50 cents! Hurray!!!

I doubled down on AGNC instead
My T is up nice for me. SFL fooled me put sell order in at 15.55 no takers

Good luck to all
C

Stocks100 said...

Hi C,

YES..BIDU is more than fine today....earning is on Monday AH...

Good luck with your picks.

Saleem