Indices closed UP after gyrating on both side of flat line.
S&P 500 @ 2081.90, high 2086.69, low 2073.30
RSI @ 51.63
CMF @ 0.020
Internals were :
UP volume led by 1.32 to 1 in NYSE & 2.28 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 108 in NYSE & 58 in Nasdaq
VIX Down 5.41% @ 13.98
Oil @ $50.42
Gold @ $1203.10
Stocks which were UP 2% or more included LULU RAD
FEYE QIHU YY YHOO BIDU TSLA BABA JCP
SINA YNDX CRUS LSCC NFLX AAL M
GMCR SPLK DATA Z......
AH News ...ZNGA Down 10.34%, AKAM Down 3.55%
AA Down 3.22%, BBBY Down 3.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE waited for fed minutes and liked its indecision about rate increase. Internals are in positive again BUT Thursday is another day, based on recent trend, it could be a down day. All major indices are above 50 DMA 3 days in a row, that is a first in a long time, technically this is extremely healthy. Patience & conviction is key to deal with this erratic TAPE.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought CSOD @ 29.096.
The acquisition by LNKD highlights the need for human talent management and education. CSOD is much cheaper than it has been in the past and could make for an easy takeover. With the conference call date announced this week, I think the chance of a revenue miss is low.
Stocktrader
Hi Stocktrader,
You know this sector well.
Good luck with CSOD.
Saleem
Post a Comment