Indices are @ new 2016 highs, oil sharply higher is giving stocks a major lift. Indices are @ highest point in last 9 months.
S&P 500 @ 2109.35, high 2110.08, low 2096.32
Internals are positive
Oil UP $1.66
Gold UP 10 cents
Canadian $ UP 50 tick @ .7384
VIX Down 4.08% @ 12.70
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are UP
@ 2.37 following are red :
FEYE MSFT NTES BIDU LRCX.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
A few uglies in the URI report, but I think they set the low bar for the year based on their "improving" commentary, so I think valuation is highly supportive here. I would not be surprised to see a complete reversal tomorrow--industrial stocks continue to get a bid.
Stocktrader
Hi Stocktrader,
I know you can see under the cover, hopefully it will work out the way you have articulated.
Saleem
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