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
2 comments:
Hey Saleem,
I 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,
It is tough to make a buying decision these days..either stock is strong or weak..nothing in-between.....
Good luck with FFIV.
Saleem
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