Friday, July 22, 2016

Indices closed UP .29% to .50%....NICE !!!!

Indices closed near high of the day, S&P 500 notched a new intraday all time high. Oil was lower but TAPE ignored this weakness, TAPE also ignored many misses in earnings report from last night, this is a very good sign for series of new all time highs in future.

S&P 500 @ 2175.03, high 2176.11, low 2163.24

RSI @ 65.83

CMF @ 0.262

Internals were :

UP volume led by 2.14 to 1 in NYSE & 2.48 to 1 in Nasdaq

Advancing stocks led by 2.01 to 1 in NYSE & 1.88 to 1 in Nasdaq

Net new 52 wk highs were leading by 214 in NYSE & 114 in Nasdaq

VIX Down 5.65% @ 12.02......

Oil @ $44.19

Gold @ $1323.40

Canadian $ @ .6822

Stocks which were UP 1% or more included CMG NXPI
PANW SPLK LVS WYNN V MSFT YHOO SINA
DNKN EBAY YUM FFIV MA CHK SWN 
LNG FEYE VDSI YELP AAL DATA
CSOD ZG TRIP.....

Here is my weighting :

CMG   26.42%

NXPI   21.01%

SBUX  20.72%

OLED 13.65%

JCP      9.11%

VRX     9.09%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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