Indices closed UP after some hesitation.
S&P 500 @ 2091.18 H 2093.31, low 2074.29
RSI @ 54.26
CMF @ 0.100
Internals were :
UP volume led by 1.32 to 1 in NYSE & 1.67 to 1 in Nasdaq
Declining stocks led by 1.01 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 65 in Nasdaq
VIX Down 6.37% @ 13.09
Oil @ $50.79
Gold @ $1193.60
AH ER..EXTR Down 19.75%, URBN Down 7.33%
CTXS Down 5.81%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE staged its 2 day UP routine and then 1 day down to come. We closed near high of the day for a change. There is a chance that we may break 2 UP 1 DOWN cycle tomorrow which will be a nice change in momentum picture. Many stocks are moving UP lately in this indecisive TAPE which is a good indicator. Some of the old leaders are taking a rest and may jump near earnings. Stay involved with this market, its trying to creep UP slowly.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
I've also seen the stealth rally in some beta stocks and noticed quiet buying on close the last few days (instead of the furious buying we've had recently that never lasts). This might actually be the start of something good! :)
Stocktrader
Hi Saleem,
Sold TASR @ 27.194 to take profits.
Stocktrader
Hi Stocktrader,
Another multi trade win for you.
Saleem
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