Friday, November 21, 2014

Indices closed UP .24% to .52%....NICE !!!!

TAPE got a jolt from Chinese interest cut of 40 basis & Draghi promise to raise inflation faster, caused worldwide market to move higher, Dow, S&P 500 closed @ all time high, while Nasdaq another highest close since March 2000.

S&P 500 @ 2063.50, high 2071.46, low 2056.75

RSI @ 73.23

CMF @ 0.527

Internals were :

UP volume led by 3.46 to 1 in NYSE & 1.40 to 1 in Nasdaq

Advancing stocks led by 1.95 to 1 in NYSE & 1.10 to 1 in Nasdaq

Net new 52 wk highs were leading by 192 in NYSE & 88 in Nasdaq

VIX Down 5.01% @ 12.90

Oil @ $76.51

Gold @ $1197.70

Canadian $ @ 87.71, Canadian inflation came in hotter than expected, despite lower gas prices.

Stocks which were UP 1% AKS BBRY LULU MU
TSL QIHU BIDU WUBA LVS KOG JKS SINA 
SU V WB FEYE SPWR YNDX SNDK AMCC 
LSCC SPLK SBUX STLD DATA WLT 
WYNN MLNX.....

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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