Indices closed UP on positive momentum.
S&P 500 @ 1593.61, high today 1596.65 missed new high by less than 1 point.
RSI @ 60.48
CMF @ 0.217
Internals were :
UP volume led by 3.59 to 1 in NYSE & 2.33 to 1 in Nasdaq
Advancing stocks led by 2.77 to 1 in NYSE & 2.21 to 1 in Nasdaq
Net new 52 wk high were leading by 220 in NYSE & 129 in Nasdaq
VIX UP .73% @ 13.71
Oil @ $94.50
Gold @ $1467.40
Stocks which were UP 1% or more included JCP,BBRY,
RDN COH LULU AAPL POT MOS AGU MON
GOOG TCK CLF TCK CF SU YUM FFIV
JASO SPWR FSLR CRUS GMCR BRCM
JDSU NVDA MCD X STLD SLW
SINA ECA MGA MS FCX
AH ER :
RVBD Down 6.67%
BWLD UP 1.24%
ESRX UP 2.12%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, tonight IBD got the religion finally @ new highs & changing its market outlook to "market in confirmed uptrend". As you can clearly see that many desciple of IBD missed this run & joining the believers on month end. Market looks all set to take out highs & establish new ones.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Stocktrader,
Bought AUY @ $11.70...they report tonight.
Saleem
Hey Saleem,
Nice play--AUY is one of my favorite gold miners.
I bought SWC @ 11.81 just now--we seem to have similar ideas on the metals theme.
Stocktrader
Hi Stocktrader,
Metals & prices are awfully close in buying decision.
Good luck with SWC.
Saleem
Hey Saleem,
There goes MCP and CLF--having some regret on those sells yesterday...
Stocktrader
Hi Stocktrader,
I know the feeling......
Long time ago i sold 200 shares of GOOG @ $178.......
Saleem
Hey Saleem,
Bought WPRT @ 30.50. Looking at the disparity between it and CMI today, it seems nat gas engines are the only area of growth in trucking, so the stock could really see some inflows and short covering.
Stocktrader
Hi Stocktrader,
WPRT is on the right track with many deals...sooner Nat gas engine will be in vogue as is in Asia.....
Good luck !!!
Saleem
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