Indices closed near high of the day.
S&P 500 @ 1896.55, high 1897.13, low 1880.03
RSI @ 60.43
CMF @ 0.337
Internals were :
UP volume led by 5.74 to 1 in NYSE & 6.13 to 1 in Nasdaq
Advancing stocks led by 3.84 to 1 in NYSE & 4.12 to 1 in Nasdaq
Net new 52 wk highs were leading by 144 in NYSE & 18 in Nasdaq
VIX Down 5.34% @ 12.23
Oil @ $100.59
Gold @ $1295.80
Stocks which were UP 2% or more included WUBA LULU MU
OWW RAD FB LEN YY YELP TWTR EXPE YHOO
LNKD AMZN BIDU PCLN KORS GOOGL
SPWR JKS TSL CSIQ YNDX BSFT
ARUN RVBD SNDK AMCC
LSCC CIEN FNSR KOG
FFIV NFLX PANW
GMCR SPLK X
STLD AEM
CSOD MS
WLT Z
TRLA
TRIP.....
AH ER...RAX UP 13.4%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was stronger than anybody's expectations, excellent price appreciation. Only knock @ the start of any rally is lower volume which is to be expected. Indices have made a very strong support & is ready to make series of higher highs. Dow & S&P 500 are @ new all time high on a closing basis. Stay with your max exposure & it should work out very good.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
I really like the housing and housing-related plays right now. I think with interest rates low, jobs and economic activity/sentiment improving, and housing stock sentiment poor, I think these guys could really outperform. I have WLH (homebuilder), Z (housing internet), and AXLL (building materials) to take advantage of this dynamic.
Stocktrader
Hi Stocktrader,
You are exposed to Housing with good plcks.....
LEN is my favorite in this group.
Z looks very strong in charts...
Saleem
Hey Saleem,
Yes, LEN had big short interest so is moving first. WLH has better earnings power, but needs time to get the longs accumulating.
Stocktrader
Post a Comment