Indices closed slightly lower.
S&P 500 @ 2107.40, low 2102.49, high 2114.14
RSI @ 56.21
CMF @ -0.106
Internals were :
Down volume led by 1.90 to 1 in NYSE & 1.38 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & 65 in Nasdaq
VIX Down 1.05% @ 13.23
Oil @ $51.41
Gold @ $1147.40
AH ER ..INTC UP 1.38%, NFLX UP 10%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE had to face many issues, Chinese GDP which came in way better than expected and caused "credibility of numbers ", Greece votes in parliament with protest in focus, finally Greece parliament has accepted EU debt deal. Janet Yellen is "too optimistic about US economy". Canada is struggling with recession and China in serious slowdown. traders decided to take a "wait and see attitude". I think we resume our UP move on Thursday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I think I might actually like GPRO here more than AMBA for the first time. The skepticism about GPRO seems so pervasive that a short squeeze could still develop into a huge move. AMBA may have already experienced that, thereby removing an upside catalyst from these levels.
Stocktrader
Hi Stocktrader,
You have made $$$ with GPRO before, i waited for more and lost profit.
Good luck with your next GPRO move.
Saleem
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