Indices closed near low of the day.
S&P 500 @ 2089.27, low 2085.56, high 2098.69
RSI @ 53.05
CMF @ 0.151
Internals were :
Down volume led by 3.30 to 1 in NYSE & 1.01 to 1 in Nasdaq
Declining stocks led by 1.82 to 1 in NYSE & .86 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 128 in Nasdaq
VIX UP .72% @ 14.07
Oil @ $43.96
Gold @ $1169.00
Canadian $ @ 72.84
Stocks which closed green included KORS TWTR VDSI YHOO
BIDU BABA FB JCP WUBA LVS CMG JKS SNDK AMCC
NFLX AAL M SBUX SLW CSOD WYNN Z MLNX....
AH News...NKE UP 4.44%, CTRP UP 8.37%, AKS Down 9.52%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, IBD is highlighting that "market uptrend is under pressure". TAPE was under selling pressure after rising yesterday. This TAPE remains very difficult to predict or navigate, patience and conviction can get through this back & forth action. Many stocks are performing well and it is a good idea to stay the course in those stocks.
BLOG does NOT give buy or sell.
PS...was tied up in some chores, thus missed afternoon BLOG. Every Friday there is a closing BLOG around 7 PM.
Saleem
5 comments:
Bought LL back yesterday. I like the company; I could be wrong.
I might buy oil producers next week. It sounds like oil inventory might not fill after all.
EOG, NBL, COP. CNQ I like as well. I had just thought they'd go lower first.
Euro is higher today on Greek deal. I assume gold's rebound today is temporary.
Hi Firebird,
As long as US$ is weak all commodities
will move higher including Oil & gold....
Good luck with LL....
Saleem
Thanks. With LL, I still have a good cushion.
The technicals don't look good today, and the out-gassing is the result of cost cutting. Regardless, my position is small.
Hi Saleem,
I notice that CMF on all indices are going down while market is going higher. Why are investors backing out of this bull run? I expect us to go higher with quarter end, window dressing and everything.
Hi Money,
YES..CMF is trending down....next week it may play catch up....many traders were skeptic of this turn courtesy of Fed.....
Saleem
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