TAPE had a good day by closing in the upper range & S&P 500 scored another new all time high intraday.
S&P 500 @ 1983.53, high 1986.24, low 1975.65
RSI @ 59.37
CMF @ 0.236
Internals were :
UP volume led by 2.32 to 1 in NYSE & 1.86 to 1 in Nasdaq
Advancing stocks led by 2.20 to 1 in NYSE & 2.12 to 1 in Nasdaq
Net new 52 wk highs were leading by 155 in NYSE & 57 in Nasdaq
VIX Down 4.45% @ 12.24
Oil @ $104.42
Gold @ $1306.30
Stocks which were UP 1% or more included MU RAD SWIR
WUBA LVS LNKD KOG LEN SINA EXPE FFIV CMG
PCLN MA GTAT QIHU YY ONVO INVN YNDX
ARUN SNDK AMCC LSCC FNSR PANW
SPLK SBUX X STLD DATA CSOD
MGA MS TRLA WYNN GS
TRIP MLNX......
AH ER ...JNPR Down 5%, XLNX Down 9.14%
BRCM UP 2.71%, ISRG UP 10.57%
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE is back on track in making new all time highs as evidenced today by S&P 500. I expect indices to keep moving higher on generally good to better earnings report. Being patient in this TAPE has rewarded many either by controlling losses or giving very good gains. Stay diversified with emphasis on large cap techs.
BLOG does NOT give buy or sell.
Saleem
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