Indices were UP again @ close.
S&P 500 @ 1554.52
RSI @ 67.22
CMF @ 0.258
Internals were :
UP volume led by 1.17 to 1 in NYSE & 1.25 to 1 in Nasdaq
Advancing stocks led by 1.33 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 225 in NYSE & 115 in Nasdaq
VIX Down 3.59% @ 11.83
Oil @ $92.52
Gold @ 41588.40
Stocks which were UP 1% or more included BBRY,
COH,RDN,KORS,CMG,EXPE,HMC,LNKD,MU,
CRUS,SNDK,BJRI.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is moving in the right direction for a long time. If we correct a bit, it is necessary & reflects healthy market. In any dip one should take advantage of strong stocks selling for less. Any dip is not an indication of "bull market is over" as many stocks will keep moving higher even on down days. We all hope that we have stronger stock in our portfolio. Market prediction is not our primary focus, we should be looking for opportunity to make money.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Swapped MS for WPRT. I was torn about what to sell and MS just happened to be available and consolidating for now. More interesting was the WPRT purchase.
News today that a Chinese company is coming to the US to build 50 natural gas stations might just spur our domestic companies and government into more sponsorship of this industry. Given the decent price action post-earnings and still massive short interest, I thought it worth a re-entry and at worst having limited downside.
Stocktrader
Hi Stocktrader,
WPRT has certainly behaved strong since ER.....
Good luck with WPRT.
Saleem
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