Indices closed down.
S&P 500 @ 2086.59, low 2081.39, 2095.61
RSI @ 57.56
CMF @ 0.010
Internals were :
Down volume led by 1.23 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 48 in NYSE & by 7 in Nasdaq
VIX UP .97% @ 15.62
Oil @ $41.75
Gold @ $1066.80
AH ER....PANW UP 3.77%, YY Down 3.56%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE rested today after sustained UP move, internals were mixed but remained healthy.Strong stocks continued their UP move even when market was mixed, a definite sign of strength, even battered CMG came along for the ride. Small caps were strong today another sign of evolving / rotational market. Stay with your exposure as the rally is getting broad based.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold POT @ 19.69
I should have sold when they reaffirmed their dividend as I was hoping for a reallocation to a buyback instead. A dividend in question means nothing right now. The other hope is some kind of takeover chatter, but in the absence of that, I fear this is on the drip down into year end.
I am sitting without a financial stock right now, and I think that might prove more valuable going forward. Other candidates include the infamous AMBA :)
Stocktrader
Hi Stocktrader,
Financial may be a better bet, I know you have a soft spot for AMBA.
Saleem
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