Indices closed Up and @ high of the day.
S&P 500 @ 2117.39, high 2117.52, low 2104.50
RSI @ 63.82
CMF @ 0.461
Internals were :
UP volume led by 1.19 to 1 in NYSE & 2.84 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 141 in NYSE & 107 in Nasdaq
VIX Down 2.25% @ 13.04
Oil @ $49.59
Gold @ $1208.20
Stocks which were UP 1% or more included BBRY MU
FEYE YY GOOGL NXPI JKS CSIQ AMZN FFIV
MA V FSLR SPWR HIMX CRUS BRCM
AMCC FNSR C PANW NFLX MCD
GMCR DATA MGA MS GS
TRIP......
AH ER... PANW Down 1.15%, SOHU UP 4.88%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong on Chinese rate cut & European data. Nasdaq is siting @ 5008 which is the loftiest level since March 2000. Internals improved and momentum seems to be in the air while Nasdaq RSI is @ 71.29, be careful when we hit RSI 75 area which normally means overbought. Dow & S&P 500 are also @ closing high tonight, mergers accounted for most of the gains. Stay in the market but ensure booking of profit especially in high RSI stocks.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
Added some cyclical exposure, including Europe:
Bought ETN @ 70.974
Bought HUN @ 22.51
Stocktrader
Hey Saleem,
Added to SPLK @ 66.59
The magnitude of PANW's beat (which honestly was less than I expected) makes SPLK's quarter look that much better, and it's markets are much less developed leaving more room for future growth.
Stocktrader
Hey Saleem,
Bought CF @ 311.50.
I'm trying this method to implement my $2 nat gas thesis. The chart looks good and they continue to buy back shares aggressively.
Stocktrader
Hi Stocktrader,
Good moves with ETN HUN SPLK & CF...cant believe where CF has gone in terms of share price....
Saleem
Hey Saleem,
I know, that massive ongoing buyback keeps reducing the share count...
Stocktrader
Hey Saleem,
Sold half PANW @ 149.13.
Stocktrader
Hi Stocktrader,
Excellent trade with PANW...half more to go $$$$$
Saleem
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