Indices closed UP.
S&P 500 @ 2084.39, high 2084.87, low 2062.63
RSI @ 57.33
CMF @ 0.225
Internals were :
UP volume led by 4.92 to 1 in NYSE & 2.70 to 1 in Nasdaq
Advancing stocks led by 3.28 to 1 in NYSE & 1.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 246 in NYSE & lows by 4 in Nasdaq
VIX Down 6.45% @ 13.63
Oil @ $44.66
Gold @ $1264.80
Stocks which were UP 2% or more included CNQ JKS NTES TWTR
ABX GG LNG SPLK AMZN QRVO LVS WYNN NFLX EXPE
SU FFIV CHK SWN TK SSYS RIG FEYE WB MU AAL
AEM DATA SWIR CSOD MS GS ZG AGU TRIP.......
AH ER....DIS Down 5.39%, FOSL Down 30.8%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong on higher oil and closed @ high of the day, internals were strong. S&P 500 & Dow are maintaining golden cross and Nasdaq is getting ready to enter hopefully tomorrow which is long time coming.Most sector participated in this rally except few troubled retailer. With the momentum TAPE displayed today, we should have a confirmation of this rally.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought GM @ 31.265
I really like the steps GM is making to improve their business, especially by reducing dependence on low-margin fleet sales. With the stock buyback playing again, I think they are poised to outperform this summer.
Portfolio: GM AMZN Z NXPI FDX MTH HUN SPLK JKS VRX
I'll be looking to sell VRX tomorrow when it becomes available to sell without restrictions.
Stocktrader
Hi Stocktrader,
Good luck with GM and with VRX strategy.
Saleem
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