Dow & S&P 500 closed @ absolute high of the day.
S&P 500 @ 1689.13
RSI @ 62.23
RSI @ -0.035
Internals were :
UP volume led by 1.58 to 1 in NYSE & 1.31 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & .93 to 1 in Nasdaq
Net new 52 wk highs were leading by 112 in NYSE & 152 in Nasdaq
VIX Down 4.89% @ 13.82
Oil @ $107.56
Gold @ $1363.80
Stocks which closed UP 1% or more included AUY
NTES LEN QIHU GMCR LNKD FB KOG
MU KORS CMG SU EBAY BIDU FFIV
GG MA GRPN ARUN NVDA SBUX
X STLD SLW TRLA Z WYNN
YELP.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong despite AAPL product / pricing reaction. It is important to keep booking profit & come up with new ideas. Market is getting near top of its range & may stall there or pullback. Fed taper focus may dictate TAPE action for several days.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
I had to do a swap...sold TXTR @ $39.86 & bought ANR @ $6.44...surprisingly ANR was showing relative strength for last two days after i sold.....
Saleem
Hey Saleem,
Good luck with the swap. The market is getting a little more nervous here in general. Syria seems back in play some, and the debt debate seems to be hitting rougher waters also.
Stocktrader
Hey Saleem,
Some days I have four trips I need to make to the school and back. It takes a while to catch up each time.
I'm not sure whether to lighten up more here or just hold pat. Currently I have around 9% cash. The rally seems to be narrowing.
Stocktrader
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