Indices closed mixed with Dow @ new all time high @ close.
S&P 500 @ 2113.86, low 2109.89, high 2119.59
RSI @ 64.43
CMF @ 0.348
Internals were :
UP volume led by 1.12 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 134 in NYSE & 112 in Nasdaq
VIX UP 1.10% @ 13.84
Oil @ $50.99
Gold @ $1201.50
Stocks which closed UP 2% or more includes BBRY EGO GPRO
FEYE YHOO PCLN FSLR HIMX GRPN AMCC M MCD
ABX AEM MGA......
AH ER ...WDAY UP 1.66%, CRM UP 11.34%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was marking time today, but intraday all indices reached their highest level. Internals remained strong, I expect series of all time highs made. Nasdaq took a well deserved rest for a day and expect it to resume its march higher. Good time to look @ rotation which is taking place within the market. Diversified approach works.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
Sold AKS @ 4.47.
It was a Greece relief trade last Friday that didn't really move. Steel prices keep dropping, so I'll move back to the sidelines here.
Stocktrader
Hey Saleem,
Sold PRU @ 81.308 to take profits.
Stocktrader
Hey Saleem,
Sold HUN @ 22.64 avg.
The quarter was lackluster so I will wait for a better setup. I'm trying to reduce exposure in positions that are below moving averages.
Stocktrader
Hey Saleem,
Wow. I guess I should have sold BAC instead of PRU! That's a huge move in a relatively quiet day today...
Stocktrader
Hi Stocktrader,
Just got back from some chores....will do night BLOG.....
Lot of trimming today for you, AKS<HUN<PRU....no longer with you...
Saleem
Hey Saleem,
Sold GPRO @ 44.75, another case of selling the underperformers.
Stocktrader
Hi Stocktrader,
YES..if it does not work..get rid of it..
Saleem
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