Indices closed UP.
S&P 500 @ 1986.45, high 1986.51, low 1968.80
RSI @ 61.44
CMF @ 0.229
Internals were :
UP volume led by 4.80 to 1 in NYSE & 2.43 to 1 in Nasdaq
Advancing stocks led by 2.00 to 1 in NYSE & 1.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & lows by 4 in Nasdaq
VIX Down 3.45% @ 17.09
Oil @ $34.66
Gold @ $1241.80
Stocks which were UP 1% or more included ABX CNQ JKS
SPWR TWTR LNKD LEN NXPI TSLA CSIQ SINA
DNKN CMG FFIV YELP MU AMCC SLW GG
AEM CSOD VRX ZG......
AH ER...CIEN UP 2.12%, SINA Down 3.57%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE continued its run higher and closed @ new high of this move. Indices closed @ its high of the day and internals were strong. Many traders are in disbelief about this move and are waiting for averages to plunge, it may be a very long wait. This TAPE has a feel of a very strong and sharp quick move, it is not too late to change strategy and be a believer in this bull tape.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold HUN @ 11.95 to take profits.
Stocktrader
Hi Stocktrader,
Good day to buy as fear of jobs report takes hold.
Saleem
Hi Saleem,
Generally I agree with buying the Thursday before the jobs report--often good deals on the uncertainty. This market, however, I think is not ready for another leg up just yet, especially in some of the vicious gainers we've seen in recent weeks (FCX a prime example). I do hope to find some more opportunities on even a shallow pullback though.
Stocktrader
Hi Stocktrader,
Added 25% SBUX @ $58.67.
Saleem
Hi Saleem,
Good luck with more SBUX.
I'm still eyeing some stocks for re-purchase hence my decent amount of cash on hand currently. HUN and SPLK could be immediate buys if they pull back enough. DKS and FDX I'm looking to enter after earnings if they report poor quarters.
Portfolio: GM WLH RLYP TMF BAC NXPI URI FB
Cash: 20%
Stocktrader
Hi Stocktrader,
I know you always have a strategy to follow.
Good luck with catching your picks @ the right moment & price.
Saleem
Post a Comment