Indices closed UP sharply @ high of the day.
S&P 500 @ 2121.10, high 2121.45, low 2100.43
RSI @ 56.98
CMF @ 0.053
Internals were :
UP volume led by 2.41 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 3.13 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 69 in Nasdaq
VIX Down 7.41% @ 12.74
Oil @ $59.88
Gold @ $1225.20
Stocks which were UP 1% or more included GPRO LULU VDSI
YHOO PCLN GOOGL AAPL FB NXPI WUBA LEN HIMX
AMZN DNKN EXPE EBAY FFIV MA V BRCM LSCC
CIEN JDSU FNSR QIHU MFLX SPLK SBUX DATA
CSOD TRIP MLNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE went in overdrive and made highest ever close in S&P 500. IBD tonight is changing its market outlook to "market in confirmed uptrend". We are all set to make series of new all time highs in all indices. There has been a change in US$ direction and oil is stable which gives breathing room to world economies. Enjoy the ride UP.
BLOG does NOT give buy or sell.
P.S.....there is one closing BLOG only on Friday's or last day of trading around 7 PM.
Saleem
11 comments:
Hi Saleem,
Bought FB @ 80.857.
I'll buy into the "FB will rule the world" trade :)
Stocktrader
Hi Saleem,
Bought HUN @ 22.13.
I review the conference call transcript again and the biggest portion of their revenues come from Europe. This could be a sneaky play on the stronger momentum there.
Stocktrader
Hi Saleem,
Bought SPLK @ 70.557.
I tried to pick it off this morning on a dip but missed early being a little too low (69.77 limit).
Stocktrader
Hi Stocktrader,
Today is a good day to accumulate good stocks.
I bought SWIR $32.97
Good luck with FB ( who is ruling the world),HUN and SPLK....
Saleem
Hi Saleem,
HUN's chart looks awful, so I'm really counting on the fundamental outlook to start shifting sentiment. If it does happen, I'll be in a perfect spot when a bad chart turns good--that's when the bulk of the gains are made...
Stocktrader
Hi Saleem,
Added some to HDP @ 22.995.
The quarterly report showed massive momentum and the chart is shaping up much better after being quiet for months.
Stocktrader
Hi Stocktrader,
It is important to keep an eye on FA instead of TA.
Saleem
Hi Stocktrader,
Good luck with more HDP, chart looks good.
Saleem
Hi Saleem,
Added some to CSOD @ 30.712.
I keep staring at how cheap the stock is compared to peers and I think the new products will resonate even more with customers. This should bring a "catchup" in valuation which could drive the stock above $35.
Stocktrader
Hi Saleem,
Good luck with SWIR. Hopefully it retakes that 200 DMA quickly as the overall market sentiment improves.
Stocktrader
Hi Stocktrader,
Good luck with more CSOD....
Saleem
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