Indices closed UP.
S&P 500 @ 2073.07, high 2076.72, low 2042.43
RSI @ 52.77
CMF @ 0.017
Internals were :
UP volume led by 4.83 to 1 in NYSE & 4.68 to 1 in Nasdaq
Advancing stocks led by 4.65 to 1 in NYSE & 2.78 to 1 in Nasdaq
Net new 52 wk lows were leading by 91 in NYSE & by 58 in Nasdaq
VIX Down 14.75% @ 17.86
Oil @ $35.52
Gold @ $1076.80
Stocks which were UP 2% + included BBRY BITA FB NFLX
NTES JKS SWIR AMZN LNKD GOOGL TSL FEYE COH
LVS GPRO LEN NXPI TSLA CSIQ YHOO CMG YELP
FSLR SPWR FNSR BABA MGA MS VRX Z WYNN
GS.......
AH ER..FDX UP 5.04%, ORCL Down 1.64%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE greeted Fed interest hike by .25% with a solid approval, TAPE ended near high of the day, internals improved further.Nasdaq is technically most strong with "golden cross" while Dow & S&P 500 are ready to make golden cross. Most sectors participated except oil, solar was on fire with potential extension of subsidy by policy makers. Market has momentum on its back and may finally reach new all time highs before this run is over.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Used that small amount of cash from the FB sale to buy WLH @ 16.038
The CEO just bought shares on the open market which I think is a strong indication of things starting to go more right. The stock is cheap and well-positioned if they can actually execute, which has been their problem the last year+, especially since their large acquisition.
Current portfolio: GM RLYP AMZN FDX LNKD SPLK WAFD PLNT CF URI WLH
Stocktrader
Hi Stocktrader,
Good luck with WLH.
Saleem
Hi Stocktrader,
Added 25% BBRY
Reports before open.
Saleem
Pad $8.10
Saleem
Hi Saleem,
Good luck with more BBRY. I keep hearing about glimmers of hope with the company despite its changed relevance in the smartphone industry.
Stocktrader
Hi Stocktrader,
That glimmer is what i am counting on.....
Saleem
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