Indices closed mixed, despite Greece news of their bond not accepted as collateral.
S&P 500 @ 2041.51, low 2036.72, high 2054.74
RSI @ 51.68
CMF @ 0.140
Internals were :
Down volume led by 2.02 to 1 in NYSE & 1.01 to 1 in Nasdaq
Declining stocks led by 1.84 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 102 in NYSE & 36 in Nasdaq
VIX UP 5.77% @ 18.33
Oil @ $48.45
Gold @ $1264.50
AH ER ...DATA UP 14.36%, GMCR Down 7.67%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE manged to stay mixed despite profit taking & Greece news near close. Chinese Central Bank has started easing after a gap of two years to stimulate & grow Chinese economy. Greece situation will sort itself out in next few days. TAPE is healthy and day rest is expected after such a huge move in last two days. Given the market volatility, it is important to come up with a game plan and execute that plan well, second guessing is not healthy for your financial health.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
Added back my favorite AAL @ 49.40.
Stocktrader
Hi Stocktrader,
Bought KORS @ $67.60.
Good luck with AAL.
Saleem
Hey Saleem,
I have been tempted by KORS many days including today. I just worry they stretched too far too fast in this fickle fashion world. I always make sure to walk by their store in the mall to see traffic :)
Stocktrader
Hi Stocktrader,
KORS lowered their guidance for this Q and for the whole year, this way then can beat lowered expectations.
Risk / Reward is pretty good near 52 wk low.
Saleem
Hey Saleem,
Yes, and many analysts coming to the defense today.
You have a great knack of picking up retail at the right time (see LULU!)
Stocktrader
Hi Stocktrader,
Thanks for your kind words.
Saleem
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