Friday, October 17, 2014

Indices closed UP .97% to 1.63%....NICE !!!!

TAPE was strong & gave lot of comfort to traders after brutal selling.

S&P 500 @ 1886.76, high 1898.16, low 1864.91

RSI @ 37.19

CMF @ -0.156

Internals were :

UP volume led by 3.09 to 1 in NYSE & 1.85 to 1 in Nasdaq

Advancing stocks led by 1.92 to 1 in NYSE & .98 to 1 in Nasdaq

Net new 52 wk highs were leading by 22 in NYSE & lows by 11 in Nasdaq

VIX Down 12.74% @ 21.99

Oil @ $82.06

Gold @ $1239.00

Canadian $ @ 87.31

Stocks which were UP 1% or more included AKS MU
SWIR LEN BBRY QIHU OTEX TWTR AAPL FB 
DNKN SU YUM FFIV V SPWR YNDX BRCM
PANW SPLK SBUX MCD X CCJ DATA 
CSOD MGA MS.....

Here is my weighting :

LULU 28.80%

EGO   26.78%

MU     22.92%

NXPI   12.81%

AKS     8.69%

Exposure 179%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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