Indices closed UP despite poor data abroad.
S&P 500 @ 1992.37, high 1994.76, low 1986.82
RSI @ 64.72
CMF @ 0.080
Internals were :
UP volume led by 1.53 to 1 in NYSE & 1.36 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 157 in NYSE & 34 in Nasdaq
VIX @ 11.76
Oil @ $93.96
Gold @ $1275.40
Stocks which were UP 1% or more included JKS EBAY ONVO
INVN CIEN JDSU FNSR C M MS TRLA Z.....
AH ER...INTU Down .97%, GPS UP .81%
CRM UP 1.24%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, S&P 500 hit a new all time high on a closing basis, Dow is only 112.08 points away from hitting all time high which is only 1 good day away. TAPE is able to ignore many weak data from China & Europe, which is a sign of a very strong market. US data keeps on improving which is the tailwind for this TAPE. Fed chief keynote address is on for Friday which should give another boost to this market.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I think we are in coast mode into the end of the month now--too close to try and make major adjustments, so I expect the uptrend will continue.
Stocktrader
Hi Stocktrader,
Until Dow makes a new all the time high...its all system go.
Saleem
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