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
2 comments:
Hi Salem, do you think outcome of midterm elections will affect stocks? Thanks charlie
Hi Charlie,
Everything can affect stock market IF there is a surprise towards negativity.
IF republicans take Senate..TAPE will fly again......
Saleem
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