Indices closed down.
S&P 500 @ 2041.99, low 2041.88, high 2062.93
RSI @ 54.49
CMF @ 0.159
Internals were :
UP volume led by 1.56 to 1 in NYSE & .74 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 125 in NYSE & 13 in Nasdaq
VIX UP 5.86% @ 16.26
Oil @ $40.36
Gold @ $1258.00
Stocks which closed green included BIDU CTRP LNG NXPI AAPL
AMZN GG ABX SLW AEM COH LNKD YHOO DNKN SU
RIG WB BABA AAL M LRCX SWIR MGA MS GS AGU
MLNX.....
AH ER.....AA Down 4.52%, JNPR Down 6.23%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE made a complete reversal and closed @ low of the day. Internals were not as weak as indices which is a good thing. CMF is heading lower in a hurry and barely green in all indices, the trend has changed and there is money outflow vs inflow before. I am expecting this TAPE to get more challenging which requires extreme caution. Gold sector, base metals and financials were strong, Nasdaq was weaker than other indices.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Bought URI @ 59.19
Good valuation, good management, and oil firmness leads me back here.
Stocktrader
Hi Stocktrader,
Good luck with URI.
Saleem
Hi Saleem,
I really like the look of JKS here, I just am always nervous about this sector.
Stocktrader
Hi Saleem,
I decided to go for it: Bought JKS @ 20.60
It's not quite as large as a standard position for me, but I gave it a healthy try.
Stocktrader
Hi Stocktrader,
Good luck with JKS.
Saleem
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