Indices scored back to back gains.
S&P 500 closed @ 1454.92
RSI @ 57.75
CMF @ -0.136
Internals were :
UP volume led by 3.83 to 1 in NYSE & 2.60 to 1 in Nasdaq
Advancing stocks led by 3.05 to 1 in NYSE 7 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 167 in NYSE & 55 in Nasdaq
VIX closed Down .33% @ 15.22
Oil closed @ $92.09
Gold closed @ $1746.30
Stocks which closed 2% or more included
APKT,LVS,FFIV,AUY,KORS,
LULU,CLF,AAPL,ZNGA,LRCX,
BRCM,JDSU,FNSR,SNDK,CRUS,FCX,
NVDA,SBUX,X,STLD,EGO,MGA,KOG,SNE...
AH ER :
INTC Down 3.27%
IBM Down 3.41%
ISRG Down 5.09%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, Technically we are looking strong again. Indices closed near high of the day again. Volume was above average. TAPE is certainly broadening based on internals. Let the profit run on this rally.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Given the weakness in earnings from FTNT and CHKP and the sympathy drop in FIRE, PANW is holding up amazingly given it is pricing a secondary soon also. This has to be a case of stealing share.
Stocktrader
Hi Stocktrader,
PANW TAPE is telling me that it wants to go to $70 area in a hurry....secondary maybe priced @ $65 to $66.....
Saleem
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