Indices closed UP.
S&P 500 @ 2040.59, high 2046.24, low 2022.16
RSI @ 67.69
CMF @ 0.384
Internals were :
UP volume led by 3.95 to 1 in NYSE & 1.74 to 1 in Nasdaq
Advancing stocks led by 4.16 to 1 in NYSE & 2.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 180 in NYSE & 5 in Nasdaq
VIX Down 3.67% @ 14.44
Oil @ $40.20
Gold @ $1265.00
Stocks which were UP 1% or more included FEYE JCP V
CNQ NXPI LVS WYNN COH LEN TSLA CSIQ FSLR SPWR
SINA SU FFIV MA WB BABA YELP MU AMCC CIEN AMBA
M LRCX UA SWIR CSOD MGA MS GS AGU.....
AH ER ....ADBE UP 5.99%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices closed @ the highest level of 2016 and much higher than feared 2020 area in S&P 500.Internals are all positive and were strong. So many pundits were so wrong about the direction of this market, that they owe a collective apology for their disinformation. Many sectors are taking their turns on a daily basis, it is becoming a very good traders market. Buy what you know in terms of FA & TA, that helps in rotating out with profit. Keep an eye on overbought stocks, they need rest. Friday's BLOG is around 7 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Sold FEYE @ $18.34
Bought NTES @ $147.20
Saleem
Hi Saleem,
Nice quick gains in FEYE! Good luck with the return of your Chinese exposure and the troubled CMG.
It feels great to not worry too much about the portfolio during this vacation. I can't remember an easier one in recent memory. I'm back at it Monday though! :)
Stocktrader
Hi Stocktrader,
Thanks for taking precious time out from vacation to give your feedback.
YES....market is in auto-pilot......
Saleem
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