Indices closed UP.
S&P 500 @ 1995.83, high 1999.31, low 1976.44
RSI @ 56.61
CMF @ 0.148
Internals were :
UP volume led by 4.57 to 1 in NYSE & 3.43 to 1 in Nasdaq
Advancing stocks led by 3.55 to 1 in NYSE & 2.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & 15 in Nasdaq
VIX Down 5.15% @ 18.40
Oil @ $47.81
Gold @ $1148.70
Stocks which were UP 3% or more included BABA FEYE LULU
SWIR TWTR CNQ CSIQ SINA CY AMCC AAL SPLK X
STLD CCJ SPWR Z WYNN YELP.....
AH ER ...NVLS UP 16.23%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE showed its strength today despite profit taking bout in mid day. S&P 500 is fractions away from taking out 50 DMA, Dow has already done that. Internals of the market was all positive, we continue to make higher highs in all indices. Profit needs to be booked as many stocks are lagging behind, rotation is a good strategy. There is new strength in beaten down stocks which is good for broadbased rally.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Bought SWKS @ 82.29
With guidance at/above expectations and the good acquisition, I like the company's prospects.
Stocktrader
Hi Saleem,
Got a small position of CYBR @ 52.80
I tried getting more, and have even moved up to 53.10, but the price keeps moving.
Stocktrader
Hi Saleem,
Ok, got the rest, avg around 52.98
Stocktrader
Hi Stocktrader,
Good luck with SWKS & CYBR.
Saleem
Hi Saleem,
Ouch, got run over so fast on SWKS. Rumors of iPhone 6s sales down 10-15% from Detweiler really hurting.
Stocktrader
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