Indices closed after Fed stayed the course.
S&P 500 @ 1883.95, high 1885.20, low 1872.69
RSI @ 57.37
CMF @ 0.153
Internals were :
UP volume led by 1.64 to 1 in NYSE & 1.88 to 1 in Nasdaq
Advancing stocks led by 1.99 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 66 in NYSE & lows were leading by 27 in Nasdaq
VIX Down 2.19% @ 13.41
Oil @ $99.74
Gold @ $1295.90
Stocks which closed UP 2% or more included WUBA MU OWW
RAD FB MA GIB TRLA Z ONVO INVN YNDX LRCX
LSCC.....
AH ER : WDC DOWN 1.57%, JDSU DOWN 6%
YELP UP 5.61%, PFPT UP 9.47%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Dow made a closing all time high, S&P 500 is next in line. TAPE is building slowly & offer many trading opportunity.It is important to go with the flow where UP decision has been made, VIX is the only area of concern where 13 has caused change in direction, so do not overstay your welcome as TAPE can change on a dime. There is a rule when we are overbought based on many indicators.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
There were lots of parts in YELP's earnings/conference call that were "ho-hum". It will be interesting to see the price today. If it holds this morning rally, we may have really seen the bottom in these stocks.
Stocktrader
Hi Stocktrader,
So far YELP gains are holding.
Saleem
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