Tuesday, May 27, 2014

Indices closed UP .42% to 1.22%.....Nice !!!!!

Indices closed near high of the day.

S&P 500 @ 1911.91, high 1912.28

RSI @ 62.62

CMF @ 0.297

Internals were :

UP volume led by 1.99 to 1 in NYSE & 4.43 to 1 in Nasdaq

Advancing stocks led by 2.18 to 1 in NYSE & 2.92 to 1 in Nasdaq

Net new 52 wk highs were leading by 191 in NYSE & 78 in Nasdaq

VIX UP 1.32% @ 11.51

Oil @ $104.11

Gold @ $1265.50

Stocks which were UP 2% or more included WUBA MU OWW SWIR FB ZNGA LSCC LNKD CSIQ TSLA EXPE CMG 
PCLN GOOG YELP PANW GMCR SPLK SBUX 
CCJ DATA MS TRLA WYNN.....

AH ER, QIHU UP 5.86%, WDAY UP 8.61%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, tonight IBD has changed its market outlook to "market in uptrend". TAPE continues to trend higher & surprising many skeptics. It is important to have full exposure when TAPE is trending higher & making new all time highs. Never fight the TAPE applies to the market we are in. Yes, we may have a "new higher trading range" which needs to be monitored & benefit from it.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hey Saleem,

Sold YELP @ 63.038.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Sold FB @ 63.454.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with your Strategy.

Saleem