Indices were mixed @ close, from +.02% to - 0.18%
S&P 500 closed @ 1403.93
RSI @ 63.64
Internals were :
Down volume led by 1.19 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by 1.03 to 1in NYSE & 1.63 to 1 in Nasdaq
New 52 wk highs led by 100 in NYSE & 15 in Nasdaq
VIX UP 8.39% @ 14.85
Oil closed @ $93.43
Gold closed @ $1602.40
Stocks which were UP 1% or more included NTES,JCP,
CMG,KORS,TIF,GOOG,V,ARNA,MFC,ECA,IBN.....
AH Futures Down
AH Asian Markets UP
AH Gold UP
AH Oil Down
About market, close has been impressive on a daily basis, which cannot be ignored. TAPE is digesting its gains by sideways movement. I personally believe that, longer the sideways action,
bigger move UP is imminent. Base building for a higher move cannot be discounted.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hey Saleem,
Bought my PANW back at 58.6299 and bought some TZA at 17.70. I think I'm going to try the long stock short index strategy again. I like my individual stocks too much.
Stocktrader
GOOD morning to all
A little rain here
Looking at NYX hoping for $26 what a disappointment for me
BIDU is taking a dive???
v best to all
C
Hi Stocktrader,
Long short is fine as long as you are sold on it.
Saleem
Hi C,
BIDU is UP..what dive?
Saleem
SALEEM
BIDU is down at $130.09--I guess that is when I loo vs
when you look :):)
I rebought LEN at $31.25 lets rock
VBTA
C
Hi C,
Good luck with LEN....
The word "dive" denotes @ least 5% down......
Pre-market is never a good way to know the "real direction"......
Saleem
Hey Saleem,
Bought back my ADNC ~17.42 avg.
Quite a reversal for PANW--I'm glad I had a plan that worked for a change.
Big earnings tonight from CSCO, NTAP, and AMAT.
Stocktrader
Hi Stocktrader,
It is extremely hard to know, when any stock has reached its potential gains...but we should be happy in booking gains...as reverse can happen also.
I think that CSCO ER maybe a non-event...in-line & guidance in-line...estimates have come down enough.
Saleem
SALEEM
OK no dive at all in BIDU
5% --that was my bad--I love it when I learn stuff
When I am wrong and learn what I did I had better not ever make the same mistake twice --so says the Sarge
thanks for your good points-teaching me to to fish for the last 3 years--GREAT for me the grasshopper!
Phew
C
Hi C,
We are all getting OLDER each day..heart can process good news better.....
Saleem
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