Indices closed mixed on Greece expectations.
S&P 500 @ 2068.53, low 2057.99, high 2073.48
RSI @ 56.36
CMF @ 0.184
Internals were :
Down volume led by 1.37 to in NYSE & .83 to 1 in Nasdaq
Declining stocks led by 1.19 to 1 in NYSE & 1.19 to 1 in Nasdaq ( no typo)
Net new 52 wk highs were leading by 77 in NYSE & 21 in Nasdaq
VIX Down 1.57% @ 16.96
Oil @ $48.84
Gold @ $1219.60
AH ER..TSLA Down 3.99%, CSOD Down 6.69%, BIDU Down 9.16%,
FEYE UP 5.07%, CSCO UP 6.76%, TRIP UP 13.72%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Greece debt agreement has been delayed for Monday's negotiations. I am expecting some progress on Monday. Markets may be on edge until more clarity comes on Greece, its not the talk which is generally upbeat, but it is the agreement which matters. Markets do not like uncertainty which hedge funds loves to exploit through their proxies on CNBC. Stay with your strong picks as we digest Greece non agreement so far.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
I feel like we are close to positive resolution on both Greece and Ukraine. I think it is dangerous to be underinvested right now even if we are choppy prior to the final deals. That final spike will be impossible to catch, and we seem to be making positive stock progress even ahead of any deal.
Stocktrader
Hi Stocktrader,
My tablet remains in "read only mode" while it works perfect on other sites..google cannot fix this issue.
Your take of market is working out fine today...
Saleem
Hey Saleem,
Yes, I wrote that last night, and looks really good today! Sometimes even I can get lucky :)
Stocktrader
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