Indices closed @ high of the day on ECB bond buying program.
S&P 500 @ 2063.15, high 2064.62, low 2026.38
RSI @ 56.17
CMF @ 0.002
Internals were :
UP volume led by 4.75 to 1 in NYSE & 4.26 to 1 in Nasdaq
Advancing stocks led by 3.70 to 1 in NYSE & 2.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & lows by 14 in Nasdaq
VIX Down 13.00% @ 16.40
Oil @ $46.31
Gold @ $1300.70
Stocks which were UP 3% or more included AKS BBRY
JCP TWTR GOOGL GRPN AMZN EBAY YUM
YNDX HIMX C STLD WYNN AGU......
AH ER SBUX UP 4.54%, ISRG Down 2.36%, KLAC Down 5.55%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was in overdrive in 2nd half after being red, Central banks have a huge problem of growing GDP everywhere except USA. Oil shock is filtering through and currency collapse continues except in USA. You can now see why USA has to be the investment market of choice. US equities are looking strong after climbing above 50 DMA. Rotation is going on in every sector, so stay diversified and not be impacted by temporary setbacks, they are bound to happen in any portfolio. Friday should be green by close.
BLOG does NOT give buy or sell.
Saleem
No comments:
Post a Comment