Monday, August 18, 2014

Indices closed UP .85% to 1.06%.....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 1971.74, high 1971.99, low 1958.36

RSI @ 58.47

CMF @ 0.034

Internals were :

UP volume led by 4.31 to 1 in NYSE & 5.10 to 1 in Nasdaq

Advancing stocks led by 3.75 to 1 in NYSE & 2.75 to 1 in Nasdaq

Net new 52 wk highs were leading by 148 in NYSE & 42 in Nasdaq

Oil @ $96.41

Gold @ $1299.30

Stocks which were UP 2% or more included    SWIR
TSL CSIQ SPWR QIHU GTAT WUBA YHOO
GRPN OWW FFIV MA YNDX ZNGA X
CIEN JCP STLD DATA CSOD ....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was strong that we made a new high in Nasdaq since 2000. Dow only 9 points away from moving above 50 DMA. Internals were strong. Many sectors are participating which is a very good sign for this renewed bull.We are on course to make new all time high in S&P 500 which is only 20 points away, that will be super bullish. Stay the course & enjoy the ride to new highs.

BLOG does NOT give buy or sell.

Saleem


3 comments:

Stocks100 said...

Hi Stocktrader,

Added 95 percent EGO @ 8.13.

Saleem

stocktrader_1996 said...

Hey Saleem,

Wow, lots of gold confidence. Good luck as they bring their new project online! :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

EGO was my lowest weighting, now it is in line with my normal weighting.

YES..there is a contrary confidence in Gold......

Saleem