Indices staged an oversold bounce, closed near high of the day.
S&P 500 @ 2105.20, high 2108.50, low 2081.12
RSI @ 50.27
CMF @ -0.033
Internals were :
UP volume led by 5.25 to 1 in NYSE & 3.92 to 1 in Nasdaq
Advancing stocks led by 2.60 to 1 in NYSE & 2.72 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 127 in Nasdaq
VIX Down 8.64% @ 13.22
Oil @ $61.43
Gold @ $1186.60
In my portfolio, added 60% SWIR @ $27.81, 4 minutes before close.
Stocks which closed UP 2% or more included RAD SWIR
QIHU YY JKS CSIQ EXPE MA V FSLR SPWR
HIMX CRUS CIEN NFLX SPLK SBUX
SLW AEM.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE staged an oversold bounce on slight hope that Germany is willing to consider Greece bailout plan. Internals were super strong for the most part, but Dow is still below 50 DMA, unles all indices are above 50 DMA, we cannot get too excited, Dow only needs 20 points gain to make it above 50 DMA. We also need another green close to confirm this rally, not a difficult task, but we will know by close.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Added to OMED @ 25.147.
The chart looks good, and it was a pretty small weighting prior. With the added shares it's still in my speculative range, but will help the portfolio more if the breakout ensues.
Stocktrader
Hi Saleem,
Bought SPLK @ 70.00
As usual, I'm buying back higher than selling before, but the chart is looking great and the I know the story has lots of legs left.
Stocktrader
Hi Saleem,
Sold RUBI @ 18.016
A good run, but now looks like momentum is fading. I think some fears of ad-blocking may be weighing.
Stocktrader
Hi Stocktrader,
Nothing wrong in buying higher, a most successful strategy is to keep adding higher in strong stocks, instead of adding lower which i keep doing.
Good luck with OMED & SPLK.
Saleem
Hi Saleem,
Sold IACI @ 77.015
After a good run, it seems like the stock needs to rest. I'm also not sure how this new ad-blocking trend may affect some of their sites.
Stocktrader
Hi Saleem,
Yes, I have that same habit of trying to "bottom fish".
Added more SPLK @ 69.115.
Stocktrader
Hi Stocktrader,
More SPLK is better.....
Saleem
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