Thursday, July 3, 2014

Indices closed UP .54% to .63%....NICE !!!!

Indices rocketed into new all time highs in Dow & S&P 500 & highest level since 2000 in Nasdaq. Catalyst was a huge 288K job growth which will be revised in coming months to lower number?

S&P 500 @ 1985.44, high 1985.59, low 1975.88

RSI @ 73.62

CMF @ 0.397

Internals were :

UP volume led by 2.45 to 1 in NYSE & 2.63 to 1 in Nasdaq

Advancing stocks led by 1.37 to 1 in NYSE & 2.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 170 in NYSE & 93 in Nasdaq

VIX Down 4.62% @ 10.32, low today was 10.28 which is a new 52 wk low

Oil @ $103.73

Gold @ $1320.90

Canadian $ UP 27 tick @ 93.65

Stocks which closed UP 2% included LULU RAD
EXPE GRPN AMCC LSCC WLT.....

In my portfolio :

Bought EGO @ $7.52

Here is my portfolio weighting @ close :

LULU 25.98%

FB    20.21%

MU   19.10%

SWIR 16.28%

RAD  11.87%

EGO  6.56%

Exposure 190%

Next post by 2 PM on Sunday.

Enjoy your holidays !!!

BLOG does NOT give buy or sell.

Saleem


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