Indices closed near high of the day.
S&P 500 @ 1693.87, low 1680.34
RSI @ 53.66
CMF @ 0.123
Internals were :
UP volume led by 1.34 to 1 in NYSE & .99 to 1 in Nasdaq
Advancing stocks led by .79 to 1 in NYSE & .65 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & 137 in Nasdaq
VIX UP 6.82% @ 1680.34
Oil @ $104.10
Gold @ $1320.70
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, S&P 500 closed @ absolute high of the day, this sums up the strength of this bull market despite shutdown & no agreement on raising debt limit. This TAPE action would have been "fictional" in past years. I have a feeling that this TAPE is looking well beyond November 1st which is how long these politicians wants to take before using their brain.Make sure you are buying strong stocks when we open weak which is a daily routine.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
Did some nibbling on the dip today:
Bought BIDU @ 159.995
Bought TRLA @ 50.29
Stocktrader
Hi Stocktrader,
Good picks in BIDU & TRLA....
Saleem
Hey Saleem,
Also trying my hand with some biotech again:
Bought OMED @ 17.616 avg.
Stocktrader
Hey Saleem,
Used the bit of remaining cash to add to LCC @ 19.83.
Stocktrader
Hi Stocktrader,
Good luck with OMED & LCC...
Saleem
Hi Stocktrader,
Sold JCP $8.60 & bought TSLA @ $169.70...
Saleem
Hey Saleem,
I do think TSLA looks interesting here at least for a bounce. Good patience and pick!
I'd add to RALY here if I wasn't at max exposure already. It bounced right off the 50 DMA today.
Stocktrader
Hi Stocktrader,
I had to do a toss up with Z & TSLA...but TSLA won on historical RSI read for last 5 months.
YES RALY is getting ready for a move off 50 DMA....
Saleem
Post a Comment