Tuesday, April 7, 2015

Indices closed down .03% to .21%.....

Indices did its usual thing, lost all the morning gains and close @ low of the day.

S&P 500 @ 2076.33, low 2076.10, high 2089.81

RSI @ 50.03

CMF @ -0.045

Internals were :

Down volume led by 1.35 to 1 in NYSE & 1.08 to 1 in Nasdaq

Declining stocks led by 1.25 to 1 in NYSE & 1.11 to 1 in Nasdaq

Net new 52 wk highs were leading by 85 in NYSE & 50 in Nasdaq

VIX UP .27% @ 14.78

Oil @ $53.98

Gold @ $1210.60

Stocks which were UP 1% or more AKS LULU KORS SWIR VDSI FEYE QIHU OTEX TWTR WUBA SINA FFIV 
GRPN FNSR SPLK STLD DATA CNQ......

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE turned lower around 2 PM and closed @ lowest point in all indices. This kind of action is almost predictable these days, volume was lower is the only consolation.Internals became negative. Hopefully we close higher on Wednesday as per pattern. Keep accumulating stocks which you know well.

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hey Saleem,

Sold PANW @ 145.58 to take profits.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with your next move.

Saleem

stocktrader_1996 said...

Hi Saleem,

Nicely done with RAD!

Oops on PANW :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

Thanks for your RAD comment....

Saleem