TAPE was mixed despite Republican takeover of Senate.
S&P 500 @ 2023.57, high 2023.77, low 2014.42
RSI @ 65.52
CMF @ 0.175
Internals were :
UP volume led by 1.89 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 1.43 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 165 in NYSE & by 61 in Nasdaq
VIX Down 4.84% @ 14.17
Oil @ $78.68
Gold @ $1145.70
Stocks which were UP 1% or more included MU NXPI
OTEX KORS BABA KOG SU MA V BSFT HIMX
AMCC LSCC C M CCJ MGA WLT....
AH ER ...QCOM Down 5.58%, TSLA UP 6.94%
WFM UP 8.03%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE looks tired and internals are so so.Dow closed @ new all time high and S&P 500 missed by few ticks. It is important to book profit as market may pull back to regain strength. Mixed TAPE is a tell tale of fatigue. Jobs report may pressure Thursday's trade. Earnings are very mixed in former leaders.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
I've been working on sell BALT all morning. Results were uninspiring and they didn't have really positive comments about the dry bulk market going forward. When the CEO expects "choppy" trade in the fourth quarter, it makes me nervous.
I was able to sell 1/3rd right at open for 3.50, but sold the other 2/3rds finally now at 3.33.
Stocktrader
Hi Stocktrader,
Good move with BALT....
Saleem
Hey Saleem,
Sold AKS @ 6.21.
Given the negative sentiment surrounding the steel sector, I don't see how it can rebound into year end despite great operational execution. I'll be more interested if it regains the 200 DMA again.
Stocktrader
Hi Stocktrader,
Always follow your own analysis.
Saleem
Hey Saleem,
Talk about a battleground:
http://finance.yahoo.com/news/ak-steel-analyst-roundup-214622232.html
Stocktrader
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