Indices closed UP.
S&P 500 @ 2166.89, high 2168.35, low 2159.63
RSI @ 66.07
CMF @ 0.178
Internals were :
UP volume led by 2.31 to 1 in NYSE & 2.18 to 1 in Nasdaq
Advancing stocks led by 1.72 to 1 in NYSE & 1.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 199 in NYSE & 125 in Nasdaq
VIX Down 1.82% @ 12.44
Oil @ $45.24
Gold @ $1329.30
Stocks which were UP 2% or more included NXPI JCP VRX
COH SPWR QRVO FB KGC NTES TWTR TSLA CHK
TK WB VDSI WYNN MLNX......
AH ER...VMW UP 9%, NFLX Down 13.19%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continues to make new all time highs in S&P 500 and Dow, Nasdaq keeps going towards old highs. Internals remained positive. VIX is flashing warning sign and RSI is getting close to overbought 70 reading, a good move is to book profit, which i did today and added NXPI whose RSI was below 50 upon purchase. No matter how you position, it is all about making money.
BLOG does NOT give buy or sell.
Saleem
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