Indices closed mixed.
S&P 500 @ 1989.57, high 2005.08, low 1969.25
RSI @ 59.61
CMF @ 0.337
Internals were :
Down volume led by .98 to 1 in NYSE & 1.60 to 1 in Nasdaq
Declining stocks led by 1.33 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 132 in NYSE & lows by 17
VIX Down 1.58% @ 18.05
Oil @ $37.84
Gold @ $1272.80
AH ER...FNSR UP 7.76%, ULTA UP 12.52%
ZUMZ Down 7.91%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was UP then Down and then closed mixed on ECB decision. Market is dictated solely by oil prices which seems to be headed much higher, good for the direction of this market. It is important to be exposed to emerging sectors like oil & gold which has shown an unbelievable resiliency lately. I feel, market is headed higher as any pullback is met by strategic buyers. Stay bullish until trend changes which could be a while. On Friday's a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Hi Stocktrader,
ReplyDeleteBought TWTR @ $16.59
Saleem
Hi Stocktrader,
ReplyDeleteSold CNQ @ $27.44
Saleem
Hi Saleem,
ReplyDeleteForgot to mention I'd be on vacation starting today all through next week. Glad to see things off to a good start while I'm gone :)
Good luck with new TWTR--it seems many better things in motion for it now.
Nice trade on CNQ again! :)
Stocktrader
Hi Stocktrader,
ReplyDeleteEnjoy your well earned vacation.
Very nice to spend quality time with family.
Saleem
Hi Stocktrader,
ReplyDeleteCompleted my 2nd purchase of TWTR with full weighting @ $ 16.78.
Saleem
Hi Stocktrader,
ReplyDeleteBought JCP @ $11.28
Saleem
Hi Saleem,
ReplyDeleteGood luck with the new picks today!
Stocktrader