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:
Hi Stocktrader,
Added 95 percent EGO @ 8.13.
Saleem
Hey Saleem,
Wow, lots of gold confidence. Good luck as they bring their new project online! :)
Stocktrader
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
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