Indices closed mixed.
S&P 500 @ 2047.63, high 2060.61, low 2034.49
RSI @ 45.23
CMF @ 0.032
Internals were :
Down volume led by 1.93 to 1 in NYSE & .58 to 1 in Nasdaq
Declining stocks led by 1.91 to 1 in NYSE & .72 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 33 in Nasdaq
VIX UP 2.44% @ 15.95
Oil @ $48.19
Gold @ $1274.70
AH ER.......CSCO UP 5.65%, CRM UP 6.07%
URBN UP 7.16%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Fed minutes have spoken and market yawned by close as we were oversold already. June increase is already discounted by today's TAPE action.Nasdaq & S&P 500 closed green and internals in Nasdaq was super impressive by close. @ 45 RSI we are near low and we should work our way higher. Stay with high comfort strong stocks.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold HUN @ 14.09
It seems like the wrong kind of stock for a hiking Fed (JKS maybe even more but I'm locked into that for two more days). I am looking to buy some TZA as protection.
Stocktrader
Hi Saleem,
Rebought HUN @ 13.927
I hadn't really intended to work it this way, but TZA started running too quickly, and honestly, it seems like the market isn't really in turmoil post-Fed. I'm wondering if things really will be ok...
Stocktrader
Hi Stocktrader,
Good luck with your strategy with HUN.
Saleem
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