Indices closed UP.
S&P 500 @ 2100.44, high 2106.79, low 2088.86
RSI @ 49.35
CMF @ -0.098
Internals were :
UP volume led by 1.52 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 13 in NYSE & 105 in Nasdaq
VIX Down 2.09% @ 14.50
Oil @ $59.92
Gold @ $1176.80
AH ER...JBL Down 7.81%, ORCL Down 6.64%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP 2 days in a row, this is technically a good sign, but the close was not very convincing. Internals improved somewhat, but there is still weak areas like AD line. Fed statement and Q & A may need to be digested, Fed is hinting a rate hike sometimes in 2015. A diversified portfolio is the best answer to uncertain environment. Greece may provide a breakout as they are working hard to convince EU, IMF & ECB to understand pension impact on their citizens.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Looks like everyone else got on board today too, leaving me underexposed. As usual, I was correct in selling for only about 4 hours.
Stocktrader
Hi Saleem,
Frustrated, but had to get back the SPLK @ 72.796.
It is one of the few RSIs in the new software space that isn't stretched too far yet, but the chart is very constructive.
Stocktrader
Hi Stocktrader,
Dont feel bad, i am making zero dollars today, in this mega rally.
Good luck with SPLK...good stock$$$$$
Saleem
Hi Saleem,
I can sit forever in a stock as it churns or modestly outperforms macro headwinds, but I can't stand even the first day of a big rally, especially a general market rally...makes me want to sell every time. I think that is one of my biggest limiting factors to even larger gains in my portfolio.
Stocktrader
Hi Stocktrader,
We all have different style of trading, it works most of the time.
No need to reinvent the wheels, its rolling fine.
Do not be hard on yourself.
Saleem
Post a Comment