Indices closed UP.
S&P 500 @ 2088.90, high 2093.66,low 2083.02
RSI @ 52.62
CMF @ 0.205
Internals were :
UP volume led by 1.62 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & .74 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & lows by 4 in Nasdaq
VIX UP .60% @ 18.48
Oil @ $48.85
Gold @ $1272.50
AH ER...ADBE Down 4.75%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE closed @ mid point, which is a victory considering all the negativity and oil being lower. Market is trying to look beyond Brexit which is a good thing. Internals were mixed and gold took it on the chin, oil stocks were higher despite lower oil. Brexit polls will be in sharp focus in next 48 hours. Diversified portfolio is the best bet when things are uncertain.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Added to SODA @ 21.50
With the major competition removed, the sky's the limit here, and importantly, the downside is limited. I like their shift into flavored water, which is more "on-trend" for the developed world's current preferences. The likelihood of a buyout or major partnership is also greatly increased.
Stocktrader
Hi Stocktrader,
I agree with your thesis for SODA, it is looking good$$$$
Saleem
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