Indices closed UP after some hesitation.
S&P 500 @ 1865.62, low 1855.96, high 1871.87
RSI @ 55.08
CMF @ 0.083
Internals were :
UP volume led by 1.62 to 1 in NYSE & 1.18 to 1 in Nasdaq
Advancing stocks led by 1.45 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk high were leading by 61 in NYSE & by 20 in Nasdaq
Oil @ $99.19
Gold @ $1311.40
Stocks which closed green included KOG MU
ZNGA AMZN FB JCP MGA TSLA LUV
GOOG CSIQ SSRI SU FFIV AAPL
YNDX ARUN CRUS LRCX C
SNDK BRCM FNSR HMY
SQM GMCR X STLD Z
SLW AEM WUBA
TRLA AGU....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE got a boost from consumer confidence numbers which came in @ 6 year high. There is rotation going on in market which needs to be noted & followed. When high beta go out of favor then it takes a while to come into play again. Copper, Steel & many old techs were in play. Safe & boring stocks can avoid major damage to equity in this environment.Adaptability then patience should work.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Added to PFPT @ 37.138 and CSOD @ 46.825 to finish off the last of my cash.
I look for Q1 earnings to show why these stocks were so highly coveted just a month ago.
Stocktrader
Hi Stocktrader.
Good luck with your add on to PFPT & CSOD....
Saleem
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