Indices went into overdrive today & made many highs in the process.
S&P 500 @ 1973.32, high 1978.58, low 1962.29
RSI @ 69.54
CMF @ 0.458
Internals were :
UP volume led by 2.0 to 1 in NYSE & 4.59 to 1 in Nasdaq
Advancing stocks led by 2.05 to 1 in NYSE & 2.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 343 in NYSE & 178 in Nasdaq
VIX Down 3.63%@ 11.15
Oil @ $105.34
Gold @ $1326.60
Stocks which were UP 1% or more included FB MU
M OTEX YY YELP TWTR EXPE MA AMZN
V BIDU PCLN KORS GOOGL MRVL
OWW LVS WYNN LEN ONVO
CMG INVN GTAT LRCX
AMCC CIEN BRCM
FNSR NFLX MGA
SPLK DATA....
AH ER PAYX Down 2.07%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, what can you say about a runaway bull TAPE. When new all time high is reached then we may get series of new all time highs. RSI @ 75 needs to be in focus as "overbought condition" may ruin euphoria. IF a pullback comes it may be of 3% variety. For now we got momentum on our side & next 3 trading days may be heading north.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
I'm adding to AAL @ open to move the position to nearly 20%. It is my best idea for safe, steady returns.
Stocktrader
Hey Saleem,
Got 42.80.
Stocktrader
Hi Stocktrader,
Good Move with AAL.
Saleem
Hey Saleem,
Bought AXLL @ 48.404.
With housing rebounding slightly and materials costs dropping, I'm looking to this name for a breakout. The second quarter might still be rough, but the outlook should show ramp finally.
Stocktrader
Hey Saleem,
Add a small amount to GTAT @ 19.867.
Stocktrader
Hi Stocktrader,
Was away ..just got home...
Good luck with mucho position in GTAT & AXLL.
Saleem
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