Tuesday, July 7, 2015

Indices closed UP .11% to .61%....NICE !!!!

Indices closed UP.

 S&P 500 @ 2081.34, high 2083.74, low 2044.02

 RSI @ 45.59

 CMF @ -0.057

 Internals were :

 UP volume led by 1.76 to 1 in NYSE & .89 to 1 in Nasdaq

 Advancing stocks led by 1.47 to 1 in NYSE & .70 to 1 in Nasdaq

 Net new 52 wk lows were leading by 249 in NYSE & 127 in Nasdaq

 VIX Down 5.41% @ 16.09

 Oil @ $52.33

 Gold @ $1152.60

 AH Futures Down

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE recovered nicely to close @ high of the day. The breakdown in Chinese stocks is not a good thing. I have a feeling that TAPE will test low of today and may fail. Market is not getting Greek debt issue resolved, it may still go on & on beyond new deadline of Sunday. Dow & S&P 500 went below 200 DMA and internals are not very healthy @ all. Make sure your comfort level is very high with your holding.

 BLOG does NOT give buy or sell.

 Saleem
at

5 comments:

  1. stocktrader_1996July 8, 2015 at 6:50 AM

    Hi Saleem,

    Sold my Chinese stocks on the morning recovery:

    Sold JMEI @ 18.00
    Sold NOAH @ 21.82
    Sold MOMO @ 13.861

    Some of these probably are good buys instead of sells here, but it's too hard for me to figure out the downside possibilities right now...

    Stocktrader

    ReplyDelete
  2. stocktrader_1996July 8, 2015 at 6:52 AM

    Hi Saleem,

    Bought PANW @ 170.35.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996July 8, 2015 at 7:00 AM

    Hi Saleem,

    Bought NXPI back @ 93.00 :)

    Stocktrader

    ReplyDelete
  4. stocktrader_1996July 8, 2015 at 7:15 AM

    Hi Saleem,

    Bought speculative position in LBIO @ 8.885 avg.

    Stocktrader

    ReplyDelete
  5. Stocks100July 8, 2015 at 8:51 AM

    Hi Stocktrader,

    Good luck with PANW, NXPI & LBIO.

    Saleem

    ReplyDelete