Tuesday, August 7, 2012

Indices closed UP .39% to .87%....NICE !!!!

Indices are moving UP back to back & closing higher.

S&P 500 closed @ 1401.35

RSI @ 63.43

Internals were :

UP volume led by 2.30 to 1 in NYSE & 3.60 to 1 in Nasdaq

Advancing stocks led by 1.82 to 1 in NYSE & 1.84 to 1 in Nasdaq

New 52 wk highs were leading, 181 in NYSE & 80 in Nasdaq

VIX closed UP .25% @ 15.99

Oil closed @ $93.67

Gold closed @ $1612.80

Stocks which were UP 2% or more included LVS,LEN,NTES,TCK,
LULU,CMG,PCLN,GG,
ZNGA,LRCX,MU,JDSU,
CIEN,FNSR,TIF,FCX,GG,AGU

AH ER :

Z          Down 9.60%

PCLN Down 14.83%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, Staying bullish & having overweight exposure has paid off for many traders. Pullbacks are not to be afraid of. Many are missing this rally or are underweight, will buy on dips. This rally has the feel of something BIG.

BLOG does NOT give buy or sell.

Saleem

4 comments:

c said...

SALEEM

Hey good buddy

market is GREEN now

Yes!!!!!!!
BIDU moved away form me
Looking at LEN and LLY--thoughts

You are correct about the market direction-up

Way to go
C

Stocks100 said...

Hi C,

10-4

I added BIDU & LEN this AM......


Saleem

c said...

Saleem

I bought LEN
$30.30

Regards

C

Stocks100 said...

Hi C,

Good luck with LEN.

Saleem