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
Hey Saleem,
ReplyDeleteI'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,
ReplyDeleteMost 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,
ReplyDeleteI 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