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
Hey Saleem,
ReplyDeleteAdded back my favorite AAL @ 49.40.
Stocktrader
Hi Stocktrader,
ReplyDeleteBought KORS @ $67.60.
Good luck with AAL.
Saleem
Hey Saleem,
ReplyDeleteI 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,
ReplyDeleteKORS 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,
ReplyDeleteYes, 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,
ReplyDeleteThanks for your kind words.
Saleem