TAPE was strong today & all indices closed near high of the day.
S&P 500 @ 1977.10, high 1979.85, low 1969.86
RSI @ 61.99
CMF @ 0.387
Internals were :
UP volume led by 1.90 to 1 in NYSE & 1.75 to 1 in Nasdaq
Advancing stocks led by 1.79 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk highs were leading by 152 in NYSE & 22 in Nasdaq
VIX Down 2.15% @ 11.82
Oil @ $100.91
Gold @ $1306.70
Stocks which were UP 1% or more included FB MU SWIR
C LNKD KOG BIDU JKS YNDX TSL AMZN CMG
TSLA SINA SU YUM YY GOOGL SPLK CCJ
DATA MS GS AGU MLNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE got a boost before open from GS after they raised S&P 500 target to 2050. Tomorrow Janet Yellen has testimony & market will pay close attention to Q&A. This Friday is monthly & weekly Option Expiry which results in a slanted market on MM positioning for Thursday, either sharply UP or Down. So far internals are off to a solid start. Monitor this TAPE closely & go with the flow, but i have my trigger on locking profit if RSI turns close to 70.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
Well...some small cap biotech is getting interesting. Thank you Yellen?
Stocktrader
Hi Stocktrader,
Good luck with Bio-Pick...
Saleem
Hey Saleem,
I'm not doing anything today, but I routinely feel like I need a small amount of biotech exposure. I'll keep being patient though because I've not done well on some trades in that space (although I think I played CLDX well last year).
Stocktrader
Post a Comment