Wednesday, February 6, 2013

Mixed close....

Indices closed mixed with Nasdaq being red by few tick.

S&P 500 @ 1512.12

RSI @ 65.53

CMF @ 0.421

Internals were :

UP volume led by 1.71 to 1 in NYSE & 1.11 to 1 in Nasdaq

Advancing stocks led by 1.46 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 188 in NYSE & 107 in Nasdaq

VIX closed Down 2.26% @ 13.41

Oil @ $96.62

Gold @ $1678.80

AH ER / News :

V         Down 1.31%

YELP Down 2.82%

GMCR Down 7.03%

AKAM Down 15.70%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE remains strong as we closed near high of the day. How we close is a strong indicator of the strength of this market, that is when NOISE subsides. This TAPE has all the marking of a strong bull market. Stay invested.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hey Saleem,

I had a great day yesterday with every stock up except for one (CSOD, due to the ULTI earnings). Today is a much different story, although I expect strength towards close again.

Bought WPRT @ 27.68719. As you know I've been following this stock for a while, and I think the recent announcements of fleet orders from cities like LA and San Diego show growing traction in the natural gas vehicle space. I like the way the chart is setting up now, so I hopped on board.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Minor down day like today is OK in scope of things.

YES...WPRT chart is nice ..above 50 DMA........

Saleem