Thursday, March 3, 2016

Indices closed UP .09% to .35%.....NICE !!!!

Indices closed UP.

S&P 500 @ 1993.40, high 1993.69, low 1977.37

RSI @ 62.47

CMF @ 0.230

Internals were :

UP volume led by 4.38 to 1 in NYSE & 1.74 to 1 in Nasdaq

Advancing stocks led by 3.19 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & 19 in Nasdaq

VIX Down 2.28% @ 16.70

Oil @ $34.57

Gold @ $1258.20

Stocks which were UP 1% or more included ABX CNQ
PANW SPLK SWIR NTES TWTR LVS WYNN
LEN TSLA EXPE YUM YELP AMCC MGA
FEYE AMBA SLW GG AEM CCJ CSOD
ZG.....

AH ER...AVGO UP 7.19%, AMBA Down 7.33%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE continued its march to higher highs and closed @ high of the day.Internals were all positive. It is all about jobs report, expectations are 190,000 job growth, i see it coming very close to that number , that will be taken as a neutral to interest rate hike, thus this rally to keep on going. In case you have not noticed TAPE was not nervous about jobs report, which itself says a lot about this TAPE.Closing BLOG around 7 PM on Friday's.

BLOG does NOT give buy or sell.

Saleem

6 comments:

Stocks100 said...


Hi Stocktrader,

Added 25% V in pre-market @ $74.07.

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with additional V!

Bought TZA @ 47.30

I wanted some protection after this huge run.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with TZA.

Saleem

Stocks100 said...


Hi Stocktrader,

Added 35% ABX @ $13.81.

Saleem

Stocks100 said...


Hi Stocktrader,

Sold CNQ @ $25.83.

Saleem

stocktrader_1996 said...

Hi Saleem,

Great job with CNQ--been a star performer!

Good luck with additional ABX. I don't know what to do with gold these days...

Stocktrader