Indices closed UP.
S&P 500 @ 2119.12, high 2120.55, low 2112.71
RSI @ 65.98
CMF @ 0.150
Internals were :
UP volume led by 2.16 to 1 in NYSE & 1.36 to 1 in Nasdaq
Advancing stocks led by 2.07 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 280 in NYSE & 101 in Nasdaq
VIX UP .21% @ 14.08
Oil @ $51.23
Gold @ $1262.30
In my portfolio Bought CNQ @ $30.38.....
Stocks which closed UP included JKS KGC UA
LNG GOOG QRVO AMZN FB LULU AUY
GG ABX V CTSH LEN TSLA MA CHK
TK RIG YELP TCK SLW AEM CRUS
DATA SWIR CSOD ZG TRIP MLNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed @ near high of the day, a very bullish sign. Internals also improved all over.Oil above $51 is a bullish sign for the direction of this market. S&P 500 may attempt @ new all time high in next few days. This TAPE has taken all pundits by surprise with a very bullish slant. IF we make new all time high, then expect major short covering, which may propel this market further UP.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Saleem,
Sold FDX @ 163.44
I am concerned about global growth prospects and feel this is vulnerable.
Stocktrader
Hi Stocktrader,
Good luck with redeployment of funds.
Saleem
Hi Stocktrader,
Sold JKS @ $21.10
Bought UA @ $38.66
Saleem
Hi Saleem,
Good luck with the swap!
I am very tempted by gold here but am I too late to the party?
Stocktrader
Hi Saleem,
Sold JKS @ 21.84
Stocktrader
Hi Saleem,
Sold AVAV @ 32.13 to take profits.
Stocktrader
Hi Saleem,
Sold GM @ 29.31
As much as I think this is a misunderstood story, the chart is not good and the potential is for overcapacity in the auto industry.
Stocktrader
Hi Stocktrader,
Gold is in a bull mode, lot more upside in my opinion, juniors are looking more attractive like KGC AUY......
Good luck with all the $$$$ from 3 sale today...
Just got back from an urgent need to fix eye glass frame which cracked today......
Only closing BLOG today.....
Saleem
Hi Saleem,
The combination of world rates falling and copper crashing tells me global growth is very challenged (or at least investors think it is). I made many moves to get smaller today while I wait for more data points.
Portfolio: TZA SPLK, NXPI, SODA FIT GWPH
Cash: 34%
Stocktrader
Hi Stocktrader,
Comfort level has to be in focus all the time, we all have hunch about every thing which impacts stock prices, but we are nowhere close to reality most of the time.
Data points are backward looking but stock market is forward looking.....thus all the confusion 24/7.....
Saleem
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