Dow & S&P 500 closed @ another high.
S&P 500 @ 1541.46
RSI @ 64.45
CMF @ 0.281
Internals were :
UP volume led by 1.99 to 1 in NYSE & 1.34 to 1 in Nasdaq
Advancing stocks led by 1.24 to 1 in Both NYSE & Nasdaq
Net new 52 wk highs were leading by 277 in NYSE & 162 in Nasdaq
VIX UP .37% @ 13.53
Oil @ $90.43
Gold @ $1574.90
Stocks which were UP 1% or more included BAC,BBRY,
MTG,KORS,HMC,LEN,SU,LVS,WYNN,GG,EGO,
SLW,GMCR,RVBD,BRCM,FNSR,C,FSLR,SBUX,
MCD,X,STLD,SPWR,ECA,CLF,FCX......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE is following a strong bullish format. It is NOT a runaway bull, but a gradual sustained uptrend. Slow & steady is what this TAPE is all about. There are too many skeptics about this TAPE, most of them were short & some of them are lousy technicians. This TAPE is as good as it gets. There is "no euphoria" on the contrary lot of skepticism, which is extremely bullish.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Added more to RDN @ 9.63 to round out the position.
Stocktrader
Hi Stocktrader,
RDN EPS is pretty good.....
I get only 50% margin on this.
Good luck
Saleem
Hey Saleem,
Sold HLF @ 40.984. I had a good run with it and feel like it should have moved higher with some of the positive catalysts we've recently seen. I worry about their product being merely a commodity which could see pricing power diminish quickly.
Stocktrader
Hi Stocktrader,
Booking profit is a good idea.
Saleem
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