Monday, April 21, 2014

Indices closed UP .25% to .64%.....NICE !!!!

Indices closed UP on good economic data in US.

S&P 500 @ 1871.89, low 1863.18

RSI @ 54.90

CMF @ 0.108

Internals were :

UP volume led by 1.53 to 1 in NYSE & 2.25 to 1 in Nasdaq

Advancing stocks led by 1.64 to 1 in NYSE & 1.55 to 1 in Nasdaq

Net new 52 wk highs were leading by 84 in NYSE & 27 in Nasdaq

VIX Down .82% @ 13.25

Oil @ $104,37

Gold @ $1288.50

Stocks which were UP 1% or more included WUBA MU 
SWIR GG YY YELP TWTR AMZN FB BIDU 
TSLA PCLN FSLR JKS SPWR TSL 
CSIQ GTAT RVBD ZNGA 
AMCC FNSR AAPL
STLD CCJ MGA
TRLA MLNX
Z.....

Here is weighting after close :

MU    36.98%

LULU 27.74%

WUBA 22.61%

GRPN 6.63%

OWW  6.04%

Exposure 169%

AH ER NFLX UP 6.80%

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE closed strong, S&P 500 & Nasdaq closed @ absolute high of the day, Dow missed it by 10 points. When indices close @ high of the day it means that more UP move to come. Being diversified in this market is the best way to benefit from sector rotation which changes on a daily basis.

BLOG does NOT give buy or sell.

Saleem

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