Indices closed mixed well off their low of the day.
S&P 500 @ 1973.28, low 1965.34, high 1982.52
RSI @ 59.54
CMF @ 0.363
Internals were :
Down volume led by 1.48 to 1 in NYSE & 1.84 to 1 in Nasdaq
Declining stocks led by 1.91 to 1 in NYSE & 2.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 71 in NYSE & lows by 12 in Nasdaq
VIX UP 1.18% @ 11.96
Oil @ $99.96
Gold @ $1297.10
AH ER ...YHOO Down 2.27%, INTC UP 4.23%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE gave a very impressive comeback with Dow being green @ close. Reaction to Janet Yellen comment of stretched valuation was @ best minimal. Chinese GDP for Q2 came in @ 7.5% vs expectations of 7.4%, this should give lift to stocks worldwide. Expect new highs to be made in Dow & other indices in short order. INTC earning bodes well for PC related stocks.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
In my trading account, I sold a bunch of MSFT July 43 calls I had for $0.04 late yesterday. I didn't think INTC could keep going after earnings and thought it would impact MSFT. Ugh, that's a big one missed...$0.70 now.
Stocktrader
Hi Stocktrader,
Our guesses do not work sometimes.
Now you can try on SNDK for tonight.
Saleem
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