Fourth day in a row , S&P 500 & Dow managed to close green, Nasdaq was the only loser down .16%.
S&P 500 closed @ 1402.22
RSI @ 63.66
Internals were :
UP volume led by 1.54 to 1 in NYSE & 1.28 to 1 in nasdaq
Advancing stocks led by 1.05 to 1 in NYSE & .78 to 1 in Nasdaq
New 52 wk highs were leading, 129 in NYSE & 58 in Nasdaq
VIX closed Down 4.19% @ 15.32
Oil closed @ $93.35
Gold closed @ $1616.00
Stocks which were green @ close included
BIDU,LEN,JCP,
TIF,CLF,FCX,GOOG,M,
COH,MA,V,MU,JDSU,PANW
Chinese inflation data CPI came in @ 1.8%, expectations of 1.7%. PPI dropped 2.9% expectations were drop of 2.5%. These data leaves lot of room to loosen Chinese monetary policy further.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE is so strong that it seems that a "blowoff" is imminent anytime. Markets are stable because there is something which IS brewing. Bullish bets are being rewarded big time & more may be on the way.
BLOG does NOT give buy or sell.
Saleem
8 comments:
SALEEM
What a market ---Looking at BIDU
have a low offer in at $130.50--I guess I lost the bet!
A lot of builders were upgraded today
LEN is up on the upgrade??
Have a good en
C
Hi C,
Do not undercut buying price by 50 cents on a stock worth $131.....
Market is green......
Saleem
SALEEM
very good point not to under cut the current price
that is the way I usually operate
but high flyers never cooperate with the low price strategy
the market is showing lots of strength
As for VIX being so low
does that mean we have compliance --we are not scared right now so VIX measures level of risk
Low VIX low level of risk
thanks
C
Hi C,
Low VIX means that market participant may take stocks even HIGHER......
Complacency is normal in UPtrending market.
BUT around 13 to 14 VIX market may be sell sell sell.....
Saleem
SALEEm
I got some BIDU at 130.90
hurray
participation on an up note Music to our ears
thanks for VIX info
c
Hi C,
Good luck with BIDU......
Saleem
SALEEM
Took a walk on the wild side
SOld the LEN at $31.60 I could not leave $245 on the table,
Lets see if I missed the wild side
Smile
Looks like Monsanto was the one to buy for the draught--so says CNBC.......
Finally CNQ loves me, UP 5% hurrah.
c
Hi C,
Profit is a good thing.
Saleem
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