Indices closed UP near high of the day.
S&P 500 @ 2079.43, high 2083.49, low 2072.21
RSI @ 48.58
CMF @ 0.367
Internals were :
UP volume led by .95 to 1 in NYSE & 1.58 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & highs by 1 in Nasdaq
VIX Down .92% @ 15.06
Oil @ $50.00
Gold @ $1166.50
Stocks which were UP 1% or more included VDSI FEYE OTEX TWTR WUBA DNKN EBAY SNDK CIEN AGU......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE acted badly today as internals were sloppy as listed above, today's move did not inspire confidence. Majority of High profile stocks either did not participate @ all or were sharply lower. Fed meeting may signal a turn in direction of rates which is playing a role in sloppy TAPE. There is no easy money to be made, its struggling environment going forward.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
I've been critical of AAL's traffic numbers for months now. Today's February numbers weren't so bad. I was hoping their pricing power from unhedged fuel would start to drive some market share recapture. I think we might be seeing that now...finally! :)
Stocktrader
Hi Stocktrader,
Most stocks are retreating in a hurry irrespective of fundamental.
AAL should do well and has performed extremely well in last 12 months.....but it needs a bull TAPE...
Saleem
Hey Saleem,
I know the stock price can stay disconnected for a while. I'm just glad it seems the company is turning around what bothered me most about the stock. It is cheap enough to keep holding for sure :).
Stocktrader
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