Indices closed near high of the day.
S&P 500 @ 1981.60, high 1982.57, low 1972.73
RSI @ 61.53
CMF @ 0.011
Internals were :
UP volume led by 2.28 to 1 in NYSE & 2.31 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 155 in NYSE & 64 in Nasdaq
VIX Down .89% @ 12.21, low today 11.91, 52 wk low 10.28.....
Oil @ $94.48
Gold @ $1296.70
Stocks which were UP 1% or more included LULU MU RAD SWIR TSL WUBA YELP YHOO AAPL GRPN KOG
LEN JKS SPWR EBAY FFIV YNDX CRUS SNDK
BRCM AMCC JCP M GMCR SPLK STLD
DATA MGA MLNX.....
AH ER YOKU Down 7.99%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its run towards many record close, Nasdaq @ new 14 yr high, S&P 500 only 10 points away from making a new all time high, Dow well above 50 DMA. It is important to note that we may be entering overbought territory, it is important to book profit. Fed minutes is another waiting game but the impact is generally positive. Many stocks have lagged in this run, so it is a good idea to shift into them based on FA & TA.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
The market feels really good right now--I'm not sure if that is scary or encouraging. I'm feeling a little of the pull to invest my cash, although the stocks I do have are performing well.
Stocktrader
Hi Stocktrader,
There is momentum in this TAPE.
I am staying put.
Saleem
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