Indices closed near high of the day.
S&P 500 @ 1829.83, high 1830.25
RSI @ 58.06
CMF @ 0.160
Internals were :
UP volume led by 3.17 to 1 in NYSE & 2.00 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.66 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 111 in Nasdaq
VIX Down 1.12% @ 14.14
Oil @ $100.35
Gold @ $1300.10
Stocks which were UP 1% or more included ALU KOG SSRI
COH KORS LULU AMZN FB GOOG YHOO AAPL
BIDU TSLA NFLX PCLN TRIP EXPE JKS TSL
SPWR CSIQ FSLR LEN SINA CMG SU
CIEN FNSR SWIR PANW SNDK
GRPN SPLK SBUX X STLD
EGO SLW GG AEM
CSOD TRLA
MLNX
YELP....
AH ER : CRAY UP 9.71%, TRLA Down 15.04%
WTW Down 20.06%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was impressive with a quick turn UP from losses. As we closed near high of the day , i expect indices to get close to 2014 highs. Chinese CPI was hotter @ 2.5% vs 2.3% expectation. PPI was negative 1.6% vs expectation of negative 1.7%. Friday should be a good day which heads into long weekend as US & Canadian Markets are closed on Monday.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Well...it looks like I made a mistake on Z. The reason I sold QUNR is almost the same reason I ignored on Z. I will be selling next week when it is available to do so without penalty in the account.
Stocktrader
Hey Saleem,
Added to MOS @ 47.80.
There are both industry and company specific catalysts that make this stock have nice upside while downside is limited.
Stocktrader
Hi Stocktrader,
Z has a major support @ $82.....hopefully it will hold & move UP......
Saleem
Hi Stocktrader,
MOS looking pretty good.
Saleem
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