Indices closed mixed.
S&P 500 @ 2170.84, low 2166.21, high 2178.29
RSI @ 62.74
CMF @ 0.314
Internals were :
UP volume led by .46 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by .68 to 1 in NYSE & .98 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & 113 in Nasdaq
VIX UP 4.80% @ 12.44
Oil @ $40.06
Gold @ $1359.60
Stocks which were UP 1% or more included GG
BIDU AMZN ABX JKS OLED AAPL CTSH
NFLX CSIQ YHOO SINA WB BABA
AMCC LRCX SLW AEM CRUS
CSOD ZG ....
AH ER...TXRH Down 7.88%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Tape was mixed but Nasdaq was strong and kept going towards making new all time high, Nasdaq is only 48 points away, it was UP 22 points today. AAPL, AMZN & GOOG were strong today, which is a very good thing for leadership and Nasdaq. Although oil was weak but Nasdaq ignored that fact. I am still hopeful, that Nasdaq could make into record book by this Thursday, Nasdaq RSI @ 71.72.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sold the rest of the RLYP @ 31.86
Bought GM @ 30.32
Their execution is flawless, gaining market share and profitability. I think they could be a surprise winner when sentiment is so poor. The buyback and dividend help support.
Stocktrader
Hi Stocktrader,
Good luck with GM.
Saleem
Hi Stocktrader,
Bought NTES @ $200.48
Gave up idea of buying TSLA.
Saleem
Hi Saleem,
Good luck with NTES--it has been soooo strong! :)
Sold SWKS @ 65.18
Bought FCX @ 12.44
Although I wanted to keep SWKS for the longer term, I thought FCX had more upside potential right this moment. The "smartphone" stocks seem stuck for now, and the materials stocks are really getting traction as the world considers global fiscal stimulus, including what may come from the US elections process.
The chart on SWKS is troubled, but FCX looks healthy.
Stocktrader
Hi Stocktrader,
Good luck with FCX.
Saleem
Post a Comment