Indices closed slightly lower.
S&P 500 @ 1924.24, high 1925.07, low 1918.79
RSI @ 65.70
CMF @ 0.355
Internals were :
Down volume led by 1.05 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by 1.64 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 130 in NYSE & by 1 in Nasdaq
VIX UP 2.50% @ 11.87
Oil @ $102.66
Gold @ $1244.50
AH ER TIBX Down 12.22%
AH Futures Down
AH Asian markets Mixed
AH Oil & Gold UP
About market, there is good news & bad news about TAPE today, first good news, we closed near all time highs & near high point of the day, bad news is, internals were much weaker than close would indicate. TAPE is digesting gains & waiting for key market moving news from ECB & US jobs data. Never short a "dull market" because it may explode UP on slight news. Trend remains firmly UP.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Bought DATA @ 55.949.
They are rolling out their product for Macs this month and I think the TIBX negative preannounce is due to DATA's capture of market share. The stock has come down nicely, so I think its a lot safer here than when I sold at ~$64.
Stocktrader
Hi Stocktrader,
Good luck with DATA.
Saleem
Post a Comment