Indices closed higher.
S&P 500 @ 1987.05, high 1989.17, 1954.33
RSI @ 55.37
CMF @ 0.127
Internals were :
UP volume led by 15.44 to 1 in NYSE & 4.75 to 1 in Nasdaq
Advancing stocks led by 7.36 to 1 in NYSE & 3.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 31 in NYSE & 6 in Nasdaq
VIX Down 6.69% @ 19.54
Oil @ $46.26
Gold @ $1137.60
Stocks which were UP 2% or more included CNQ FB FIT
NFLX AMBA LNKD GOOGL SWIR TWTR TSL MU
LVS WYNN LEN CSIQ FSLR SPWR AMZN FFIV
MA V YNDX AMCC CIEN FNSR C QIHU AAL
X STLD ABX SLW GG CCJ COH CSOD MS
Z GS AGU MLNX.......
AH ER....ILMN Down 15.12%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE is showing back to back strong UP moves, S&P 500 has been UP 5 days in a row. Dow & S&P 500 are near 50 DMA and ready to take it out. Tonight IBD is saying " market in new uptrend". Jimmy the Cramer is "rethinking"...All indices closed @ high of the day, these moves happens few times in a year, IF you are in it, then only you get the benefit of "fast UP moves". Many stocks are still near lows and are ripe for UP moves.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Added 40% FIT @ $35.96
Saleem
Hi Saleem,
It is likely being pressured (besides the general market) by the Microsoft Band rollout today. FIT is in the lead, but so many knocking on the door. Good luck with the addition--at least we know this quarter should be pretty :)
Stocktrader
Hi Saleem,
Bought MS @ 32.32
This is my chicken way to play stronger oil. It should lead to improved credit around the world and higher bond yields (as well as higher chance of Fed rate hike)
Stocktrader
Hi Stocktrader,
Good luck with MS.
Saleem
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