Indices closed UP
S&P 500 @ 2051.60, high 2053.91, low 2043.14
RSI @ 69.51
CMF @ 0.350
Internals were :
UP volume led by 1.12 to 1 in NYSE & 1.02 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 25 in Nasdaq
VIX Down 1.64% @ 13.79
Oil @ $39.91
Gold @ $1244.20
Stocks which were UP 1% or more included CMG
CTRP FEYE LNKD TSLA EBAY YUM MU
BABA UA VRX ZG TRIP MLNX.....
AH ER...YY UP 3.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its upward trajectory despite poor housing number.Indices closed near high of the day, internals are all positive. There seems to be no urgency to book profit by big HFT. As pointed out before market is on auto-pilot cruising northward. Patience, conviction and homework seems to be working very profitably.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I really feel like the market needs a rest, but at the same time, I feel like every potential negative catalyst is getting ignored, like the hawkish Fed speak yesterday or the terrorist actions today.
I am watching for that selloff, but seems pretty steady still.
Portfolio: WLH FB GM MET NXPI URI RLYP BAC HUN SPLK
On a side note, last week was another outperformance week with a 3.42% gain versus around 1% gains for the averages. Strength was driven by WLH (+11.4%), HUN (+7.3%), NXPI (+6.8%). WLH has been so strong that it is now my #1 position edging out FB. It is still only 11.8% of the portfolio though, so I'm not concerned with the overall exposure.
Stocktrader
Hi Stocktrader,
Good moves in your portfolio.
This market is different, usual action / reaction are completely missing.
This TAPE wants to go much higher to series of new all time highs.
Saleem
Post a Comment