Indices closed near high of the day.
S&P 500 @ 2099.60, high 2100.67, low 2080.03
RSI @ 53.36
CMF @ -0.082
Internals were :
UP volume led by 4.29 to 1 in NYSE & 4.85 to 1 in Nasdaq
Advancing stocks led by 2.71 to 1 in NYSE & 2.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 43 in NYSE & 101 in Nasdaq
VIX Down 17.41% @ 13.90
Oil @ $52.20
Gold @ $1155.40
Stocks which were UP 2% or more included TWTR VDSI
YELP YHOO BIDU PCLN GOOGL FB TSL JKS CSIQ
SWIR LVS WYNN AMZN DNKN EXPE CMG YNDX
CRUS CIEN NFLX AAL SBUX X STLD Z TRIP...
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong on EU agreement with Greece. Internals were strong and have repaired most of the damage. Lot of pessimism have been eliminated. Indices needs to repair technical damage by closing well above 50 DMA. TAPE will be subjected to vote in Greece, IF it goes as expected, indices will move higher.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Took profits in PANW @ 183.723 avg.
Stocktrader
Hi Saleem,
Added to NEFF @ 10.77.
The chart looks ready for a breakout, and I think US construction is an obvious thesis for investors to play as we clear away the world messes. Valuation is supportive as well as the recent analyst commentary.
Stocktrader
Hi Stocktrader,
Good move in booking profit $$$$$
Good luck with NEFF.
Saleem
Hi Saleem,
When it comes to cybersecurity, I just feel like there's too much understanding of the story and too many players in the honestly niche space. I much prefer the SPLK scenario where most people still are unsure on the name, and arguably the total addressable market (TAM) is ultimately larger.
Stocktrader
Hi Stocktrader,
Traders are involved in Cyber security in a big way, but general investor have no clue.
Saleem
Post a Comment