Indices closed UP.
S&P 500 @ 2021.15, high 2022.90, low 2005.93
RSI @ 43.65
CMF @ -0.147
Internals were :
UP volume led by 2.18 to 1 in NYSE & 2.72 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 1.61 to 1 in Nasdaq
Net new 52 wk lows were leading by 153 in NYSE & 114 in Nasdaq
VIX Down 9.66% @ 18.70
Oil @ $35.81
Gold @ $1080.60
Stocks which closed UP 1% or more included BBRY FIT VDSI
JKS BIDU AAPL TSL MU LULU COH LVS WYNN LEN
NXPI CSIQ SINA YUM V FSLR SPWR CRUS CIEN
AMBA AAL SPLK SBUX X STLD ABX GG AEM
CSOD MGA MS GS......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went back & forth from green to red and then closed @ near high of the day. All indices closed below 50 & 200 DMA. All indices are making golden cross tonight and Nasdaq is most convincing in that formation, sign of higher move to come. Last 6.5 days left in trading, there is a battle going on in tax loss selling vs bargain hunting, lot can happen in next two full weeks of trading. History based on seasonality supports us for a positive TAPE until January 6th.....after that all bets are off.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi guys,
Looks like I did not have a large window to re-enter URI--it is running today.
I'm taking a hard look at JKS. It seems like the chart may be lining up with some positive catalysts...a surprise run for the name?
Stocktrader
Hi guys,
Well...that JKS idea ran away quickly from the $27.50 level. I need to get something sold to have free cash for opportunities. I am considering AMZN and LNKD as they appear to have stalled (although maybe just consolidating before another move higher in the last week of the year?) Things seem trickier than they should be right now.
Stocktrader
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