Indices fought back from earlier losses and closed @ high of the day.
S&P 500 @ 2057.09, high 2057.62, low 2040.97
RSI @ 54.45
CMF @ 0.040
Internals were :
UP volume led by 2.46 to 1 in NYSE & 1.98 to 1 in Nasdaq
Advancing stocks led by 2.23 to 1 in NYSE & 1.77 to 1 in Nasdaq
Net new 52 wk highs were leading by 203 in NYSE & 28 in Nasdaq
VIX Down 6.84% @ 15.52
Oil @ $45.15
Gold @ $1279.40
Stocks which were UP 1% or more included AKS TSL
LEN JCP TWTR YHOO TSLA LVS JKS CSIQ
CMG FEYE FSLR SPWR HIMX CRUS
AMCC JDSU NFLX MCD X STLD
ABX SLW DATA CSOD WYNN...
AH ER MSFT Down 4.3%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is looking healthy with all internals in positive territory. Indices may indulge in Fed announcement speculation and may mark time until Wednesday, a rest day may not be bad to regroup and charge ahead on Wednesday. Today's close is encouraging for bulls. This market has defied many skeptics and is looking ahead to new highs.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
AAL in their conference call said they will receive a $5B benefit this year from low fuel prices versus last year--wow!
Stocktrader
Hi Stocktrader,
Excellent pick in AAL.
Saleem
Hey Saleem,
Sold NXPI @ 78.62.
Even though the market looks like it wants to rally into close, I am fearful of this name ahead of the AAPL earnings. I think it may be a "sell the news" type of thing.
Stocktrader
Hi Stocktrader,
Earnings are always tricky, hard to predict how it will be played out.
Saleem
Post a Comment