Indices closed UP despite support for Syrian operation.
S&P 500 @ 1639.77, high 1651.35, 50 DMA @ 1661.53
RSI @ 41.05
CMF @ -0.175
Internals were :
UP volume led by 1.63 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 1.20 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk lows were leading by 7 in NYSE & Highs were leading by 49 in Nasdaq
VIX Down 2.35% @ 16.61
Oil @ $108.54
Gold @ $1412.00
Stocks which were UP 2% or more included ANR CLF MU
QIHU YY TCK JKS SPWR LNKD AMZN NTES C
YHOO CSIQ LVS CIEN FNSR MA EGO Z
WLT.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was impressive today as it closed UP despite growing appetite for Cruise attack on Syria. TAPE is telling us that Syrian situation should not get out of hand. Many pundits are making it too simple to sell certain stocks / sectors before attack & some right after attack, always be careful with easy answers. I remain positive in my market outlook.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
I think I'll be deploying the rest of my cash today. I'm looking at financials (RDN,BAC,C,MS,PRU,FXCM) and SODA. I still want to enter TXTR at some point, but have to wait for some kind of break in the stock.
Stocktrader
Hey Saleem,
Bought RDN @ 13.62.
Stocktrader
Hey Saleem,
Bought MS @ 26.26.
Stocktrader
Hi Stockreader,
Good luck with RDN & MS...good picks!!!
Saleem
Post a Comment