Indices were mixed @ close.
S&P 500 @ 1470.68
RSI @ 63.81
CMF @ 0.277
Internals were :
Down volume led by 1.22 to 1 in NYSE & .74 to 1 in Nasdaq
Declining stocks led by 1.00 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 212 in NYSE & 115 in Nasdaq
VIX @ 13.52
Oil closed @ $94.14
Gold closed @ $1669.40
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
AH News LULU Down 6.89%
About market, TAPE was displaying resiliency today. Despite AAPL being down, market held up well. Today Jimmy the Cramer lashed out @ AAPL for its current malaise of nothing "ahead of the curve". Indices needs to move decisively above current resistance & stay above for several days. Based on Today's TAPE, indices may just do that.
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI ended up buying FFIV at 97.41. I've had my eye on it for a few days after I read some good analyst comments recently. It is a leader in its industry and recently picked up some new business from an area CSCO dropped. I think tempered results/guidance are factored in, so any upside surprise could be huge.
The chart is suspect right now, but I think the fundamental story flips it to a positive one, and I'd like to be out in front of that.
Stocktrader
Hi Stocktrader,
ReplyDeleteIt is tough to make a buying decision these days..either stock is strong or weak..nothing in-between.....
Good luck with FFIV.
Saleem