TAPE was strong today and all indices closed higher in record territory.
S&P 500 @ 2051.80, high 2056.08, low 2041.48
RSI @ 71.29
CMF @ 0.468
Internals were :
UP volume led by 1.98 to 1 in NYSE & 2.02 to 1 in Nasdaq
Advancing stocks led by 1.53 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 47 in Nasdaq
VIX Down .93% @ 13.86
Oil @ $74.61
Gold @ $1197.10
Stocks which were UP 1% or more included EGO MU
SWIR TSL GG EXPE TSLA AAPL RVBD LVS
JKS CSIQ EBAY FSLR SPWR ARUN SNDK
AMCC LSCC CIEN FNSR GMCR SPLK
ABX SLW AEM CSOD TRLA AGU
TRIP MLNX.....
AH ER...JACK UP 3.78%, VIPS DOWN 5.1%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE enjoyed a strong run today due to German Investor confidence went UP, Abe election call & delay of Sales tax. S&P 500 & Dow @ all time high and Nasdaq @ new high since March of 2000. We are getting deeply overbought and must be trigger happy IF we go down. Booking profit or reducing exposure is highly recommended @ this stage.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Trimmed GS @ 189.061.
Bought WLH @ 19.341.
With single family housing seemingly on the rebound, and WLH depressed due to the capital raise, I thought it might be a good time to enter. Realizing that the rest of the year could be dead due to tax selling, I thought the price was too attractive to pass up--I can be patient!
Stocktrader
Hi Stocktrader,
Good luck with WLH.
Saleem
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