Indices closed @ high of the day, a very good indicator of technical strength.
S&P 500 @ 2100.34, high 2101.30, low 2089.80
RSI @ 62.32
CMF @ 0.287
Internals were :
UP volume led by 1.30 to 1 in NYSE & 1.75 to 1 in Nasdaq
Advancing stocks led by .75 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 134 in NYSE & 104 in Nasdaq
VIX UP 7.56% @ 15.80
Oil @ $53.53
Gold $1208.60
Stocks which were UP 1% or more BBRY EGO GPRO MU
FEYE SWIR JCP YY YELP PCLN WUBA JKS CSIQ YUM CCJ
FSLR HIMX GRPN CSOD MGA CNQ TRLA Z ......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE ignored Greece noise and followed its technical momentum to new closing highs, There is tremendous buying power in this market as showing by highest level of CMF since 1st week of December. Laggards are playing catch up, which is a good sign as it indicates broadening of this rally. Buy good potential stocks which are in 50 RSI area. Tone of market has improved, thus higher exposure is justified, still room to run in this rally.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Wow, the HUN conference call is very difficult in that they don't have a lot of control over industry pricing and outlook, and those things are in flux worldwide right now.
These guys are doing their best to focus on profitable business lines, restructure those lagging, and expand capacity for future growth. 2015 will be a bit of a transitional year in that respect, lots of upfront costs for future profits. We'll have to see what Wall Street thinks in coming days--so far, no patience.
Stocktrader
Hey Saleem,
I'll point out, I don't see large structural challenges these guys face, so they should outperform in a growing world economy--let's just hope that part happens! :)
Stocktrader
Hey Saleem,
I'm back in TTPH @ 35.911.
I shouldn't have sold in the first place, but it seems Nasdaq spec stocks are looking good right now (see Z). I'll try another one here.
Stocktrader
Hi Stocktrader,
Z + T must equal to 20% premium.
Good luck with TTPH...
Bought KORS @ $71.37
Saleem
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