Indices closed UP.
S&P 500 @ 2076.06, high 2079.67, low 2052.65
RSI @ 55.32
CMF @ 0.041
Internals were :
UP volume led by 2.93 to 1 in NYSE & 5.04 to 1 in Nasdaq
Advancing stocks led by 3.32 to 1 in NYSE & 3.67 to 1 in Nasdaq
Net new 52 wk highs were leading by 85 in NYSE & 49 in Nasdaq
VIX Down 8.85% @ 14.42
Oil @ $48.62
Gold @ $1229.20
Stocks which were UP 2% or more included BIDU JKS
CTRP NXPI GOOG SPWR NTES V LNKD MSFT
LEN NFLX CSIQ YHOO SINA EXPE SU YUM
EBAY CHK SWN SSYS FEYE BABA FSLR
MU AMCC CIEN OLED LRCX UA MS
CRUS SWIR ZG MLNX.....
AH ER...HPE UP 11.88%, INTU Down 2.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was extremely strong and finished near high of the day, internals were strong across the board. Many sectors participated in this rally except Gold & Base metals, GLD RSI @ 37.66, should find support around here. Need a follow up day to get momentum going, seen too many one day wonders lately only to falter next day. Tech was the strongest sector today.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Trimmed a little from BAC @ 15.07 (earlier) and DAL @ 43.59 (recently) to buy a half size in FIT @ 13.93
I like the FIT story in so many ways, but it is acting poorly, and I didn't know what to sell to raise cash. This is my compromise for now.
Stocktrader
Hi Saleem,
Following on from above also, I keep looking at my overweight in JKS for potential sale, but I still think there's easy upside from these levels through earnings unless the BABA problems infect all Chinese stocks.
Stocktrader
Hi Stocktrader,
Good luck with FIT.
JKS has done well for you$$$$$
Saleem
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