TAPE went into overdrive and closed @ high of the day. Dow & S&P 500 closed @ all time high, while Nasdaq @ highest point since March of 2000. What Fed took it away Japan gave it back and then some.
S&P 500 @ 2018.05, high 2018.19, low 2001.20
RSI @ 65.33
CMF @ 0.114
Internals were :
UP volume led by 4.55 to 1 in NYSE & 3.67 to 1 in Nasdaq
Advancing stocks led by 3.31 to in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 290 in NYSE & 185 to 1 in Nasdaq
VIX Down 3.37% @ 14.03
Oil @ $80.54..lost 11.6% in October
Gold @ $1171.60 @ 4 year low , lost 3.3% in October
Stocks which were UP 2% or more included AKS MU NXPI
SWIR TSL QIHU YY YELP EXPE LNKD PCLN GRPN
WUBA KOG JKS CSIQ AMZN SINA YUM V WB
YNDX ARUN SNDK BRCM AMCC LSCC X
JDSU FNSR NFLX CCJ DATA SPWR
CSOD MGA WLT TRLA Z TRIP
MLNX.......
Here is my weighting :
LULU 28.07%
EGO 25.33%
MU 23.90%
NXPI 13.22%
AKS 9.48%
Exposure 186%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Hi Salem, do you think outcome of midterm elections will affect stocks? Thanks charlie
ReplyDeleteHi Charlie,
ReplyDeleteEverything can affect stock market IF there is a surprise towards negativity.
IF republicans take Senate..TAPE will fly again......
Saleem