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:
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
Hi Stocktrader,
Minor down day like today is OK in scope of things.
YES...WPRT chart is nice ..above 50 DMA........
Saleem
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