Monday, April 20, 2015

Indices closed UP .92% to 1.27%....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 2100.40, high 2103.94, 2084.11

RSI @ 54.69

CMF @ -0.031

Internals were :

UP volume led by 2.03 to 1 in NYSE & 2.92 to 1 in Nasdaq

Advancing stocks led by 2.40 to 1 in NYSE & 2.10 to 1 in Nasdaq

Net new 52 wk highs were leading by 43 in NYSE & 39 in Nasdaq

VIX Down 4.25% @ 13.30

Oil @ $56.38

Gold @ $1193.70

Stocks which were UP 2% or more included VDSI
FEYE QIHU GOOGL AAPL FB LVS WYNN
JKS AMZN CRUS  AAL SPLK STLD.....

AH ER .....STLD Down 2.06%, FTNT UP 9.38%
                  LRCX UP 9.67%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down 

AH Gold UP

About market, Chinese stimulus via lower reserve requirements for banks means they can lend more, gave a much needed boost to negative sentiment with earlier Chinese crackdown in stocks. Market internals were not as strong in this rally, which is a concern. Try to capitalize as much as possible in next 6 trading day's.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Bought GM @ 37.21

Good management, good valuation, good dividend, improving consumer :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with GM....

Saleem