Indices closed near high of the day again.
S&P 500 closed @ 1472.34
RSI @ 64.37
CMF @ 0.341
Internals were :
UP volume led by 1.89 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 172 in NYSE & 82 in Nasdaq
VIX closed UP .22% @ 13.55
Oil closed @ $93.28
Gold closed @ $1683.90
Stocks which were UP 1% or more included APKT,JCP,
SCCO,M,EXPE,GG,PANW,CLF,FNSR,JDSU,FSLR,
X,STLD,CCJ,MS,MLNX,KOG....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, Wednesday could be the day when S&P 500 makes a new 52 wk high. TAPE has been strong as we close near high of the day back to back. CMF is @ its highest point in several months as new allocation to stocks takes hold. It is important to have a sell target as we go into few days of higher highs.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
NTAP keeps grinding higher--catching a lot of people by surprise I think...
BAC I think sets up really well for earnings tomorrow. I might actually sell something to take a position. ETP may have used up its usefulness.
Stocktrader
Hey Saleem,
I did end up making that switch: sold ETP @ 46.67, bought BAC @ 11.70.
Stocktrader
Hi Stocktrader,
Sorry for late reply, i was out.
YES NTAP looked good when i looked @ it..but was content with what i had...
BAC is looking very strong....go for it$$$$
Saleem
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