Indices closed green.
S&P 500 @ 1837.88, high 1840.10
RSI @ 62.23
CMF @ 0.049
Internals were :
UP volume led by 1.60 to 1 in NYSE & 3.67 to 1 in Nasdaq
Advancing stocks led by 2.01 to 1 in NYSE & 2.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 127 in NYSE & 153 in Nasdaq
VIX Down 4.65% @ 12.92
Oil @ $93.67
Gold @ $1229.60
Stocks which were UP 1% or more included JKS KOG SINA AUY
MU BBRY FB LNKD TRIP MGA BIDU EXPE TSLA LUV
AMZN PCLN GOOG FSLR GMCR ZNGA LRCX
SNDK TSL CSIQ YHOO CMG EBAY YUM
LVS FFIV MA PANW SPLK SBUX Z
WUBA CSOD TRLA WYNN
YELP.....
AH ER MU UP 7.13%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, Indices had a decent reversal from 3 day weakness. IF we close green again then this rally has leg. Many sectors are behaving better & it is important to be exposed to those sectors. Solar & some techs are making new highs.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Added 40% AUY @ $8.94...
Saleem
Hey Saleem,
Interesting move--chart is definitely improving despite gold not looking good.
About the overall market...we seem to have just experienced a major morning short squeeze. If we reverse lower significantly today, I think the top of the market is in. If we can break above the morning highs set today, at any time in the future really, I think the market is set for a nice extension upwards.
Stocktrader
Hi Stocktrader,
AUY is not only above 50 DMA but is ready to take out major resistance @ $9.06 to $9.07 area......looks very NICE !!!!
Saleem
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