TAPE was strong enough to close UP again after some hesitation.
S&P 500 @ 1890.90, high 1893.17...another all time high @ close.
RSI @ 62.79
CMF @ 0.046
Internals were :
UP volume led by 2.18 to 1 in NYSE & 1.36 to 1 in Nasdaq
Advancing stocks led by 1.36 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 176 in NYSE & 98 in Nasdaq
VIX Down .08% @ 13.09
Oil @ $99.62
Gold @ $1290.80
Stocks which were UP 1% or more included EGO
GM LULU SWIR JCP PCLN KOG AG JKS
CSIQ FSLR SPWR TSLA SU YUM M
RVBD CRUS AMCC CIEN FNSR
STLD ABX SLW GG AEM
GIB WLT.....
AH Futures Mixed
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE remained on bullish mode & made it UP 3 day's in a row. Some high beta stocks tumbled again which is surprising on day 3 of rally. Thursday may be lot like today in terms of TAPE action. It is important to watch & buy stocks which has a nice base.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
I had another very small amount of cash and so added to my very small position of BLDP @ 4.70.
Stocktrader
Hi Stocktrader,
BLDP had a nice move yesterday on F collaboration....
Saleem
Hey Saleem,
These moves are really testing my conviction in the software stocks. I'm actually not worried about where are this second, nor where we'll be in 3 months, but what might happen later today or in the next week is really a scary thought.
SPLK has enough volume today to make a nice hammer candle if it rebounds by day's end.
Stocktrader
Hi Stocktrader,
YY YELP SPLK WUBA are doing the same thing.....this is very surprising...
Saleem
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