Indices fought back to close near top end of the range, ECB leaks zig zagged this TAPE until close.
S&P 500 @ 2032.12, high 2038.29, low 2012.04
RSI @ 49.14
CMF @ -0.010
Internals were :
UP volume led by 2.77 to 1 in NYSE & 1.22 to 1 in Nasdaq
Advancing stocks led by 1.75 to 1 in NYSE & .72 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & lows by 45 in Nasdaq
VIX Down 5.23% @ 18.85
Oil @ $47.78
Gold @ $1293.70
Stocks which were UP 2% or more included GPRO MU
LEN YY YELP LNKD BIDU TSLA PCLN KORS
GOOGL BABA WUBA AMZN SU FEYE X
FSLR SPWR HIMX CRUS SNDK CIEN
FNSR NFLX GMCR COH CNQ.....
AH ER ..EBAY UP 3.2%, XLNX Down 6.53%
SNDK Down 7.07%, FFIV Down 15.24%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, its all about ECB format of bond buying which is in focus. TAPE has been sluggish with internals still challenged after 3 day's of UP moves. This TAPE is extremely lethargic and is not very convincing, trade with a sense of urgency to book profit or it may be @ risk. Tech earnings are extremely challenged as seen above. Have low expectations from this TAPE and it may get difficult in a hurry.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
Sold the rest of my GLD @ 125.05.
Stocktrader
Hey Saleem,
Bought PANW @ 123.042 on this dip.
Stocktrader
Hey Saleem,
I have one position size left. I'm saving it for a chemical company like HUN or WLK after I see the earnings and how the low oil will affect them.
Stocktrader
Hey Saleem,
Oh. I almost forgot I wanted to buy TASR on an event dip too (like secondary or "sell the news" earnings). I guess I'll have to identify a stock for potential sale, or maybe neither of the aforementioned chemical companies will impress.
Stocktrader
Hi Stocktrader,
Good move with GLD and PANW.
Saleem
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