Indices closed green despite many troubling news economically & international tension.
S&P 500 @ 1920.24, high 1927.91, low 1911.45
RSI @ 35.72
CMF @ 0.024
Internals were :
UP volume led by 1.14 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by 1.48 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 41 in NYSE & 48 in Nasdaq
VIX Down 2.96% @ 16.37
Oil @ $96.92
Gold @ $1308.20
Stocks which were UP 1% or more included EGO LULU SWIR
QIHU GG OTEX YY TSLA OWW AG TSL CSIQ FSLR
ONVO INVN ARUN AMCC NFLX M ABX SLW
AEM......
AH ER...TXTR Down 6.59%, CSOD Down 8.19%
News...... CTRP UP 11.48%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE scored a victory by closing green & internals were mostly positive. I was pleasantly surprised @ green close especially when Italy & Germany economic news were dismal. International tensions are still simmering and can explode any time. TAPE is definitely showing great resiliency, which encourages me to see gains ahead barring few dips. When stocks do not go down when everyone expects, then it deserves a second look.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
I think tomorrow will be a big day with the ECB being the main attraction (and probably saw squaring of positions today ahead of it).
I had to take kids to the doctor today for the regular checkups. I'm hoping to listen to a replay of the CSOD tonight and see what they had to say.
I listened to the tail end of the AXLL conference call during the morning (again interrupted by kids' duties). They seem to always have something going wrong, either shutdowns or cost pressures or industry weakness. They need to show they can perform better during challenging times.
Stocktrader
Hi Stocktrader,
Housing has seen its best days already....now its survival time for them.
TAPE behaved today..hopefully it can show some follow thru on Thursday.
Saleem
Hey Saleem,
More great data from the US, some industrial upgrades, and a pause in Ukraine tension ramp--it feels like it could be a very good day.
Stocktrader
Hey Saleem,
Dabbled back in some housing--jobs are too strong to let the sector stay this depressed.
Bought WLH @ 23.354.
RSI 22.75 oh my!
Stocktrader
Hi Stocktrader,
Added 30 percent RAD @ $6.09.
Good luck with WLH.
Saleem
Hey Saleem,
Good luck with RAD add.
I'm surprised the market is starting so slowly today.
Stocktrader
Hey Saleem,
Oh boy, it's starting to feel really bad now...like we could totally fall out of bed.
Stocktrader
Hi Stocktrader,
We need strong stomach to go through until October.....UP DOWN and maybe UP again.
Saleem
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