Indices closed mixed.
S&P 500 @ 2071.18, low 2066.53, high 2075.14
RSI @ 65.97
CMF @ 0.391
Internals were :
Down volume led by 1.94 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & by 40 in Nasdaq
VIX UP 5.74% @ 15.29
Oil @ $43.98
Gold @ $1166.20
AH ER...IDTI UP 12.6%, CAKE Down 5.75%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was mixed despite housing weakness & apple suppliers slump, Nasdaq still managed to close green. All eyes will be on AAPL earnings report after close which may set the tone for Nasdaq trading. Market is holding up pretty good even after a huge run, it is important to book gain ASAP @ these lofty levels.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Added more to my already largest position of GM @ 35.007
Autos are one of the few things working and GM had the best earnings report so far. It is still in the early innings of a major cultural change at the company--I like it :)
Stocktrader
Hi Saleem,
Do you like BABA better? or the YHOO play on BABA? Analyst consensus always seems to drift toward the YHOO play on BABA given the implications for a huge windfall if the tax-free spinoff works, but it seems so messy...
Stocktrader
Hi Stocktrader,
Good luck with more GM.
YHOO looks very interesting here......chart saying its going higher.....
Saleem
Post a Comment