Indices closed UP.
S&P 500 @ 2051.31, high 2074.28, low 2049.73
RSI @ 38.32
CMF @ -0.196
Internals were :
UP volume led by 1.74 to 1 in NYSE & 1.23 to 1 in Nasdaq
Advancing stocks led by 1.38 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk lows were leading by 81 in NYSE & 43 in Nasdaq
VIX UP 1.58% @ 19.97
Oil @ $52.78
Gold @ $1159.20
Stocks which were UP 1% or more included GPRO RAD VDSI
VIPS BITA FEYE YY YHOO LNKD BIDU TSLA BABA
LVS WYNN JKS CSIQ AMZN SINA NFLX SPLK
QIHU SBUX C DATA CSOD Z WYNN......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was extremely sloppy and closed near low of the day, extremely bad technical action on a deeply oversold bounce. Even IF there is an agreement on Greece extension any strength is a sell again. I foresee major dip below 200 DMA before support can be found. Stay with your core position only, keep exposure well within your comfort level.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
This might sound crazy, but what do you think of BTU here? China might do some more stimulus?
Stocktrader
Hi Saleem,
Bought half position (all I had left) in XOOM @ 25.064 avg.
Given the $25 buyout price, this is merely a play on a potential higher offer with downside almost zero.
Stocktrader
Hi Stocktrader,
Good luck with XOOM & hope.
BTU is crazy idea, recession in many countries including Canada.
Saleem
Post a Comment