Worldwide indices were down before open, but Dow managed to fight negativity & closed green.
S&P 500 closed @ 1460.26
RSI @ 70.00
CMF @ 0.098
Internals were :
Down Volume led by 1.72 to 1 in NYSE & 1.36 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 61 in Nasdaq
VIX closed UP 1.37% @ 14.07
Oil closed @ $92.69
Gold closed @ $1770.20
AH Futures UP
AH Asian Markets mostly UP
AH Oil & Gold UP
About market, today was another day that TAPE proved that trend is still UP. I am expecting a "strong day" on Option Expiry.
BLOG does NOT give buy or sell.
Saleem
7 comments:
SALEEM
you be correct--- market is up
lets see the close I can not believe that we have upside left in the market
Cash is king and I am jumping to invest it
I am excited to see how NSC does!
LVS is ignoring FsatSlow Money!! up PM
C
Hi C,
LVS was UP 2 cents AH also..after their nonsense analysis.....they never made it to any hall of fame only hall of SHAME......
Good luck with your entry.
Saleem
Hey Saleem,
I'm tempted to sell MNST and pick up half more Z and half more PFPT to round out those positions. Any thoughts?
Stocktrader
Hi Stocktrader,
From chart point of view that switch is a good idea.....Z & PFPT has more defined upside vs MNST chart which is on the verge of "death cross"
Saleem
Hey Saleem,
Ok, I sold MNST at 54.55 and added to Z at 45.23, PFPT at ~15.57 (still waiting on more at 15.60), and a little to WPRT at 26.98. I definitely feel good about this setup--thanks for the comments :).
Stocktrader
Hey Saleem,
I am especially excited about Z. Even with the sluggish housing market now, they are projected to really ramp earnings. I can't even imagine what they can do with a nice housing tailwind! :)
Stocktrader
Hi Stocktrader,
I agree that Z should do well going forward.
Saleem
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