Indices closed UP after 2 days of pullback, indices closed near mid point of its range.
S&P 500 @ 2111.73, high 2119.15, low 2102.54
RSI @ 50.50
CMF @ -0.012
Internals were :
UP volume led by 1.11 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.15 to 1 in NYSE & .99 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & 50 in Nasdaq
VIX UP .94% @ 13.97
Oil @ $60.20
Gold @ $1188.70
Stocks which were UP 1% or more included GPRO
FEYE QIHU YY LNKD BIDU BABA FB MU
KORS WUBA COH SINA EBAY LSCC
FNSR AAL MGA....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continues its undecided approach, today was a weak UP day, this is surprising after two days of selling. This TAPE remains difficult, do not surprised IF it breaks down again. S&P 500 and Dow are still barely above 50 DMA. A diversified portfolio is the best approach in a difficult TAPE.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Trying my hand at another biotech!
Bought speculative size in OMED @ 24.877.
Stocktrader
Hi Stocktrader,
Good luck with OMED.
Saleem
Hi Saleem,
Sold FB @ 80.67.
I wanted to raise some cash, and I fear investors are starting to price in a peak to FB's earnings potential for now until some of the newer products show promise.
Stocktrader
Hi Stocktrader,
Good luck with your strategy of raising cash.
Saleem
Hi Saleem,
Wow, my timing is unreal. FB just announced they are opening up Instagram to all advertisers--stock is spiking...
Stocktrader
Hi Saleem,
Although that really exhausts them of major catalysts for new monetization now...
Stocktrader
Hi Stocktrader,
Give few minutes and FB is lower than your sale price....timing depends.....
Saleem
Post a Comment