Wednesday, August 5, 2015

Indices closed mixed.....

Indices closed mixed on Disney impact.

S&P 500 @ 2099.84, high 2112.66, low 2095.27

RSI @ 50.59

CMF @ 0.040

Internals were :

UP volume led by .92 to 1 in NYSE & 1.92 to 1 in Nasdaq

Advancing stocks led by .99 to 1 in NYSE & 1.32 to 1 in Nasdaq

Net new 52 wk lows were leading by 132 in NYSE & highs by 16 in Nasdaq

VIX Down 3.77% @ 12.51

Oil @ $45.15

Gold @ $1085.60

Stocks which were UP 2% or more included FB RAD VDSI 
TSL FEYE PCLN GOOGL JKS CSIQ FSLR SPWR FIT
NFLX STLD DATA.....


AH ER ....TSLA Down 5.60%, FIT Down 12.53%
                 GMCR Down 28.98%, ZU UP 9.28%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was much better today and most stocks participated in this rally. IBD remains negative on this market, saying " market uptrend under pressure ". TAPE is in process of working higher in Nasdaq, then S&P 500. Dow remains laggard and technically weak, S&P 500 regained its strength and above 50 DMA. Strength needs to be bought and held for profitable trade.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Well...I managed to snag half my fill @ 26.57 in HDP. I don't have enough, but a good start.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Paid 27.65 for the rest--decent avg.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good move with HDP..looking super strong.

Saleem

stocktrader_1996 said...

Hi Saleem,

Nibbled on a bit of SGMO @ 7.741.

It seemed like a washout of sellers and many catalysts exist for 2016.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with SGMO.

Saleem