Thursday, June 11, 2015

Indices closed UP .11% to .22%....NICE !!!!

Indices closed UP.

S&P 500 @ 2108.86, high 2115.02, low 2106.24

RSI @ 51.62

CMF @ -0.018

Internals were :

UP volume led by 1.27 to 1 in NYSE & .88 to 1 in Nasdaq

Advancing stocks led by 1.56 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 15 in NYSE & 84 in Nasdaq

VIX Down 2.80% @ 12.85

Oil @ $60.77

Gold @ $1180.40

Stocks which were UP 1% or more included RAD
BIDU QIHU LVS JKS CSIQ SINA SPWR
CIEN DATA Z.....

AH News...TWTR UP 3.66%, MOMO UP 3.41%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE confirmed this rally by closing higher in all indices, Dow also closed above 50 DMA, so all major indices are above 50 DMA. Greece situation is still not resolved, one step forward, one step backwards is the name of the game, today it was backwards as IMF walked out from discussions. Internals of this markets were not healthy @ all and we closed near low of the day. Patience is all we need to get Greece resolved, so markets can breathe again.

BLOG does NOT give buy or sell.

PS.....i will be away whole day, thus unable to write my closing recap for Friday. I will include everything in my Sunday BLOG around 2 PM.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold LC @ 17.18

It's not quite working like I thought, and I'll take the gain I have and wait for more catalysts or better price action.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with proceed from LC.

Saleem