Indices closed UP
S&P 500 @ 1920.03, high 1920.53, low 1887.14
RSI @ 42.81
CMF @ -0.012
Internals were :
UP volume led by 7.09 to 1 in NYSE & 5.73 to 1 in Nasdaq
Advancing stocks led by 3.07 to 1 in NYSE & 2.92 to 1 in Nasdaq
Net new 52 wk lows were leading by 184 in NYSE & 148 in Nasdaq
VIX Down 8.68% @ 24.50
Oil @ $45.09
Gold @ $1115.20
Stocks which closed UP 2% or more included FB NXPI
NFLX AMBA YY YHOO PCLN GOOGL TWTR
FIT TSL COH MU GPRO LEN JKS CSIQ FSLR
SPWR AMZN SINA EXPE YUM YELP HIMX
CRUS SNDK AMCC CIEN FNSR QIHU GG
NFLX SBUX STLD AEM CCJ DATA MGA
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE showed its old strength and closed @ high of the day, absolute high close in Nasdaq. Internals improved big time, CMF is positive in Dow & Nasdaq.It was nice to see that test of support was successful yesterday, it was a six week of test & retest of support, we may be finally out of that phase. Now we have to get confirmation of this rally with a positive close on Thursday, probability is extremely high of doing that. Buying or adding on open may not be a bad idea.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Who is doing this? I hope no one is misusing the blog. Let us keep it clean.I hope Saleem will look into it.
Hi Joseph,
Thanks for your concern about unwanted comment in non-english.
I can delete any comment in nano-second.
Saleem
Hi Stocktrader,
Added 40% VDSI @ $16.83.
Saleem
Hi Saleem,
Good luck with more of the beaten down security stock. The market is very tricky right now, but I think the lows from earlier this week are "good". Intraday drops, especially scary bad ones, are great as long as we close with some strength.
One of my favorites right now is AMBA--the chart signals the massive selling has abated and the earnings estimates support a higher valuation, especially given the emerging growth industries into which it supplies chips.
Stocktrader
Hi Stocktrader,
This TAPE is extremely volatile..but it is trying to work its way higher, IF we keep some of yesterday's gain..it IS a technical victory.
AMBA like many others are totally washed out and look ready to keep support and move away from those levels.....
Saleem
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