Indices struggled a bit with Nasdaq closing in green. Oil was no help today.
S&P 500 @ 2110.74, low 2103.76, high 2113.91
RSI @ 63.05
CMF @ 0.428
Internals were :
Down volume led by 1.96 to 1 in NYSE & .70 to 1 in Nasdaq
Declining stocks led by 1.18 to 1 in NYSE & .87 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 186 in Nasdaq
VIX UP .51% @ 13.91
Oil @ $48.17
Gold @ $1210.10
Canadian $ @ 74.87
Stocks which were UP 2% or more included BBRY
GOOGL AMCC LSCC SPLK Z MLNX....
AH ER.... JCP Down 12.5%, ADSK UP 3.03%
SPLK UP 5.65%, MNST UP 8.62%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Nasdaq continues to show strength and inching towards all time high of 5K+. CMF is @ new high since end of November which shows there is concentrated buying going on. Internals were weak today as we have moved UP quite a bit. Digestive phase is always healthy and is not a sign of imminent collapse.
BLOG does NOT give buy or sell.
PS..was tied up in chores, thus missed mid day BLOG.
Saleem
4 comments:
Hey Saleem,
Sold BAC @ 15.81.
Due to the moving average breaks, I will move to the sidelines. Key resignations and fears of failing the stress tests may weight on the stock further.
Stocktrader
Hi Stocktrader,
Good luck with your next moves.
Saleem
Hey Saleem,
I'm having trouble right now. I want more exposure, but I am finding relatively few good charts in the stocks I like. I'll have to do some more work over the weekend.
Stocktrader
Hi Stocktrader,
With your homework, you will find many attractive stocks.
Good luck !
Saleem
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