Germany trade data and hope for stimulus in China is propelling this TAPE higher, currently its @ high of the day.
S&P 500 @ 1960.91, high 1961.28, low 1927.30
Internals are positive by almost 4 to 1
Oil UP 6 cents
Gold Down 30 cents
Canadian $ UP 1.02 cent @ 67.96, Central Bank to decide on interest rate on Wednesday.....i think they hold rate..no change !!!
VIX Down 9.75% @ 25.09
Portfolio FB FIT GPRO LULU RAD TSL VDSI
Most stocks are UP
@ 2.37 following are red :
NFLX AMBA BABA TWTR YHOO EBAY YELP
QIHU X GG AEM .....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Great day and positive momentum after the long weekend. People did some rethinks and came out swinging! It sure has the feel like it will continue tomorrow. Nothing new wrong = very good for markets right now. Lots of charts are looking like aggressive MACD positive crossovers.
Stocktrader
Hi Stocktrader,
You need to join this "change of direction"
Good luck on your re-entry$$$$$
Saleem
Hi Saleem,
I was very surprised that BABA's China warning did not affect other parts of the market. If it doesn't tomorrow either, we are back to bullish behavior :)
Stocktrader
Hi Stocktrader,
BABA is not a leading growth stock, it has been struggling for 6 months, hit series of 52 wk lows.....nobody really cares about BABA.....
Saleem
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