Tuesday, August 9, 2016

Indices closed UP .02% to .24%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2181.74, high 2187.66, low 2178.61

RSI @ 63.77

CMF @ 0.274

Internals were :

UP volume led by 1.12 to 1 in NYSE & 1.23 to 1 in Nasdaq

Advancing stocks led by 1.14 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new 52 wk highs were leading by 253 in NYSE & 126 in Nasdaq

VIX UP 1.39% @ 11.66...VIX hit new 52 wk low today @ 11.02

Oil @ $42.77

Gold @ $1346.70

Stocks which were UP 1% or more included GG VRX
TSLA CTRP PANW SPLK SU TWTR LVS SINA
WB YELP CIEN SLW AEM.....

AH ER...YELP UP 10.91%, CYBR Down 5.53%
               SPWR Down 28.42%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE made a history today when Nasdaq went above old all time high of  5231.94 to 5238.54 as intraday high today, Nasdaq also closed @ new all time high along with S&P 500. VRX had the biggest UP day in last 15 years on almost 4 X  daily average volume and still trades @ low PE for this year of  4.2 @ close. GOOG almost took its all time high but missed it by less than 1 point. Tonight AH earnings are mixed, but there is a good chance that we make another all time high in S&P 500 and Nasdaq on Wednesday close.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Bought a speculative position in X @ 23.43

With the weaker dollar and the prospects for fiscal stimulus after the election, this might have some legs after the pullback.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with X...
I have been looking @ AKS

Saleem

stocktrader_1996 said...

Hi Saleem,

Funny you mention that. In my trading portfolio I had also picked up X this morning, but the moment before reading your comment I had swapped to AKS there.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Added 50% CNQ @ $31.44

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more CNQ!

Stocktrader