Indices closed UP after being down earlier.
S&P 500 @ 2088.00, high 2092.90, low 2074.99
RSI @ 47.75
CMF @ 0.054
Internals were :
UP volume led by 1.28 to 1 in NYSE & 3.69 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk lows were leading by 31 in NYSE & 19 in Nasdaq
VIX Down .13% @ 15.13
Oil @ $58.94
Gold @ $1182.20
Stocks which were UP 1% or more included AKS GPRO
LEN YELP YHOO BIDU TSLA GOOGL BABA
NXPI TWTR SWIR WUBA COH AMZN
EXPE YUM FFIV MA V FSLR SPWR
CRUS BRCM AMCC CIEN JDSU
C AAL M SLW AEM CSOD
MGA MS Z AGU TRIP
MLNX......
AH ER..SWIR UP 1.74%, CYBR UP 2.28%,
DATA UP 7.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE proved all the famous bears who keep jumping on bear bandwagon with no horses, that they need to eat humble pie as market is smarter than all of them put together. Now the latest anxiety is jobs report as if everything is based on one report only, it is the trend which matters. Keep your focus away from all the noise @ 830 AM, we need to see how we close @ 4 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Bought CSOD @ 29.995.
After a decent quarter (which could be characterized as a surprise), I think fundamentals are stable enough to limit downside, and I think increasingly they could become a takeover candidate.
Stocktrader
Hi Saleem,
Bought BABA @ 87.41.
After being despised for months now, I think it is underowned institutionally and likely has some catchup to do.
Stocktrader
Hi Stocktrader,
Came home late.
Good luck with CSOD & BABA....
Saleem
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