Indices struggled to stay in green by close.
S&P 500 @ 1654.41, low today 1648.61
RSI @ 60.84
CMF @ 0.308
Internals were :
UP volume led by 1.87 to 1 in NYSE & 3.62 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & 2.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 74 in NYSE & 129 in Nasdaq
VIX Down 2.02% @ 14.53
Oil @ $93.61
Gold @ $1412.00
Stocks which were UP 1% or more included BBRY AUY
NFLX YHOO TCK KORS AAPL PCLN FB BAC
BIDU FFIV GG AEM EGO SLW V WPRT
RVBD CRUS LRCX JDSU FNSR X
SPWR FSLR C SNDK NVDA
MGA MS Z AGU.....
AH ER :
SPLK Down 4.33%
PANW Down 14.97%
OVTI UP 22.53%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE is struggling as seen by close. There is a focus on locking gains for the year by many Money Managers & enjoying summer. TAPE is not uni-directional anymore. There should be a focus on scoring singles & not wait around for home runs.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
Bought STLD @ 15.47. As I mentioned yesterday, they are involved in the right industries and are seeing input costs decline. I think this is a potent combination in a hated sector. Any change in sentiment would really help this stock fast.
Stocktrader
Hey Saleem,
In general, I think the market will start stabilizing or trending higher. Partly this is because I think the Japanese volatility will start abating. The BOJ is committed to keeping JGBs calm.
Stocktrader
Hi Stocktrader,
Good luck with STLD..i think you will do well in long term with this stock.
I am expecting choppy market till fall...too much hot money is in Japan Forex & Equity...& they are extremely jittery.
Saleem
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