Indices closed UP on positive data on sentiment & housing in US.
S&P 500 @ 1660.06, high 1674.21
RSI @ 65.03
CMF @ 0.324
Internals were :
UP volume led by 1.92 to 1 in NYSE & 2.70 to 1 in Nasdaq
Advancing stocks led by 1.38 to 1 in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 200 in NYSE & 216 in Nasdaq
VIX UP 3.50% @ 14.48
Stocks which were UP 1% or more included EBAY KOG
RDN PANW KORS AMZN MOS HMC LVS WYNN
FFIV GRPN WPRT CRUS MU JDSU CIEN FNSR
C SBUX STLD MS MLNX Z GS AGU IBN FCX
COH TIF CF YUM GMCR LRCX....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, as you saw today that market lost majority of gains despite Central Bank of Japan & ECB pushing easy money. TAPE is @ critical juncture & is looking extremely vulnerable. IF we are UP for any reason it gives an opportunity to book profit.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Bought CERN @ 95.23. I've been watching CERN and ATHN for a while now wanting to add a healthcare software provider. Although ATHN is the faster grower, it is more expensive by far and has experienced a lot of distribution lately. I decided to go with the safer CERN while I learn more about the space.
Stocktrader
Hi Stocktrader,
Good luck with CERN......
ATHN has been a leader in this space....but valuation matters.
Saleem
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