Indices ignored Iraq & went on to close green.
S&P 500 @ 1937.78, high 1941.15, low 1930.91
RSI @ 62.02
CMF @ 0.513
Internals were :
UP volume led by .95 to 1 in NYSE & 1.48 to 1 in Nasdaq
Advancing stocks led by 1.04 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 141 in NYSE & 54 in Nasdaq
VIX UP 3.86% @ 12.65, high 12.87
Oil @ $106.90
Gold @ $1275.30
Stocks which were UP 1% or more included LULU SWIR
MU TWTR LEN TSL JKS CSIQ SPWR FSLR SU
TSLA PCLN AAPL INVN GTAT BSFT HIMX
CRUS LRCX SNDK PANW SPLK SLW
DATA CSOD....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE acted in a predictable manner, when there is too much fear & pessimism market turns UP. TAPE should build from here with anticipation of positive effect from Fed meeting & Q & A on Wednesday. Conviction is paying off & staying the course is working. Russell is marching ahead with major moves.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Trimmed AAL @ 41.816.
I'm really not sure why I'm selling anything when my view is so optimistic. I guess a bit of cash never hurt anyone...
Stocktrader
Hi Stocktrader,
Booking profit is a good idea.
Freed up cash can be used for new ideas.
Saleem
Hey Saleem,
Bought back DATA @ 65.437.
This is not an overextended chart, and the good vibes from last quarter should provide a nice tailwind for the stock.
Also, I saw the upgrade on OWW--nice win! :)
Stocktrader
Hi Stocktrader,
Good Move with DATA.
They had crushed OWW to $6 on insider secondary.....
Conviction pays....
Saleem
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