Indices were strong @ close.
S&P 500 @ 1839.78, high 1842.79
RSI @ 59.21
CMF @ 0.167
Internals were :
UP volume led by 3.04 to 1 in NYSE & 3.96 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 105 in NYSE & 114 in Nasdaq
VIX Down 4.58% @ 14.79
Oil @ $102.92
Gold @ $1316.90
Stocks which were UP 1% or more included KOG SSRI
HMY EGO SLW GG AEM BBRY FB TSLA LUV
NFLX LVS WYNN TWTR SINA TSL CSIQ
SPWR FSLR GRPN ARUN RVBD CRUS
JDSU MUX AG SWIR PANW GMCR
SPLK X WUBA MS TRIP YELP....
AH ER : GRPN Down 11.76%, HPQ UP 1.56%
PCLN UP 1.56%, ARUN UP 6.02%
AH Futures UP
AH Asian Markets Mixed
Oil Down
Gold UP
About market, TAPE is reacting to news both positively & negatively, today it was on the positive side despite poor Chinese data & poor earnings from WMT. US data was well above consensus in terms of manufacturing & unemployment claims ticked down. TAPE is all set to make new all time highs & 14 year highs in Nasdaq. Being in the market has helped those with conviction but stock rotation is in play.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
I'm thinking about adding some coal exposure due to persistently high natural gas prices, and the prospect of another big cold blast next week. I'm looking at CNX as a potential breakout, but BTU possibly for a greater potential return due to beta characteristics.
Stocktrader
Hi Stocktrader,
YES..Nat Gas is @ 5 yr high...
CNX is better buy as BTU is lagging big time....
Saleem
Hey Saleem,
Sold ~half my MOS @ 48.50 for a CNX position @ 40.49. I agree that CNX is the safer play with a better chart.
Stocktrader
Hi Stocktrader,
Good luck with CNX.....
Saleem
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