Indices closed near high of the day.
S&P 500 @ 2129.20, high 2131.78, low 2120.01
RSI @ 59.19
CMF @ 0.101
Internals were :
UP volume led by 1.25 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 96 in Nasdaq
VIX UP 2.83% @ 12.73
Oil @ $59.43
Gold @ $1227.60
Stocks which were UP 1% or more included :
GPRO RAD SWIR VDSI
LEN LNKD PCLN AAPL MU DNKN YNDX HIMX
CRUS LSCC CIEN FNSR M AEM DATA CSOD MGA MS
Z MLNX....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong with internals all positive. Dow & S&P 500 @ new all time high. Nasdaq inching closer to new all time high. This TAPE has the feel of slow & steady climb UP to series of new all time highs. It will be wise to get rid of weak performers, do not waste $ allocation in dead stocks. There are many disbelievers of this rally and may have to join the party @ much higher level.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Bought GPRO @ 51.67
I like the setup for a move higher and I wanted to increase this risk profile of the portfolio with this stealth breakout in the indices.
Stocktrader
Hi Saleem,
Ugh. NXPI was a target buy today and I missed the quick early run.
Bought NXPI @ 104.92
After the merger with FSL, their earnings power should be significantly increased and could prove a nice catalyst.
Stocktrader
Hi Saleem,
Sold the TZA hedge @ 9.87.
Stocktrader
Hi Stocktrader,
Good move with GPRO & NXPI....
Saleem
Hi Saleem,
I just realized how bad the ECB's comments about front-loading QE really is. We may see relief on yields right now, but how bad will the dead of summer be then?
Stocktrader
Hi Stocktrader,
ECB knows why they are doing and they will manage markets going forward.
Saleem
Hi Saleem,
That is a good point--the ECB will manage expectations and execution to minimize disruption.
Bought IACI @ 74.45
Trying again with this one...chart looks ready for breakout and isn't overextended too far RSI-wise.
Stocktrader
Hi Stocktrader,
Good luck with IACI....
Saleem
Post a Comment