Indices started weak but managed to close mixed.
S&P 500 @ 2038.25, low 2031.95, high 2040.33
RSI @ 67.90
CMF @ 0.515
Internals were :
UP volume led by .96 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 65 in Nasdaq
VIX UP .77% @ 13.02
Oil @ $77.18
Gold @ $1159.10
Canadian $ @ 86.86
Stocks which were UP 1% or more included LULU
SWIR BBRY JCP TWTR YHOO KORS AAPL
GRPN BABA WUBA RVBD COH SINA
DNKN CMG SU YUM V ZNGA M
SPLK STLD SLW AGU....
AH ER...NTES Down 2.06%, NTAP Down 3.12%,
JCP Down 5.67%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is trying to digest gains and seems to be churning. Market internals are still holding well and money flow is staying near recent high. Nasdaq closed @ the highest level since March 2,000. New highs are always good for traders sentiment. Earnings reaction has been mixed. TWTR analyst day was positive and stocks moved up from recent low. Keep conviction in your portfolio, you never know when they may move to surprise you in a positive manner.
BLOG does NOT give buy or sell.
Saleem
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