Indices closed near high of the day.
S&P 500 @ 1998.98, high 2002.28, low 1979.06
RSI @ 57.37
CMF @ 0.261
Internals were :
UP volume led by 2.77 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 1.79 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk lows were leading by 30 in NYSE & 59 in Nasdaq
VIX Down 9.84% @ 12.73
Oil @ 94.88
Gold @ $1236.70
Canadian $ UP 61 tick @ 90.10
Stovks which were UP 2% or more included AKS EGO FB MU
NXPI YY TWTR LNKD BIDU TSLA WUBA YNDX
CRUS ZNGA SNDK GMCR X CCJ DATA
LNKD TRLA Z MLNX...
AH News...ADBE Down 4.59%, AKS UP 8.92%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE rallied on Chinese stimulus through Banks & rethink on Fed policy statement. 2 PM Fed statement will be in focus,as stated before, i expect no real change except nuance & play of words, net net no change in statement.Internals of the market remains on the weak side, it may take another day of UP move to show real change in internals. High beta stocks came into play which is a good thing.
BLOG does NOT give buy or sell.
PS....got stuck in traffic, so missed PM post.
Saleem
2 comments:
Hey Saleem,
AKS was up on the X pre-announce fairly late into the evening session. The numbers look strong!
Stocktrader
Hi Stocktrader,
Thanks for AKS reason for being UP AH in sympathy with X pre-announcement. Could not catch up on news.
Saleem
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