Indices closed UP.
S&P 500 @ 2139.76, high 2150.80, low 2139.17
RSI @ 43.16
CMF @ -0.035
Internals were :
Down volume led by 1.58 to 1 in NYSE & 1.11 in Nasdaq
Declining stocks led by 1.58 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 42 in Nasdaq
VIX UP 2.51% @ 15.92
Oil @ $44.05
Gold @ $1318.20
Stocks which closed green included GOOG
BMY BIDU AMZN CTRP KGC DNKN
EXPE MA SWN SPWR MCD CRUS
MGA AGU.......
AH ER ....ADBE UP 5.03%, FDX UP 2.92%
KBH UP 2.48%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE went UP to flat and closed near low of the day, CMF is red in Dow & S&P 500. Internals are mostly negative. Now it is all about fed policy on interest rate @ 2 PM we were bombarded by 19 fed officials as to where interest rates are headed, now the real policy will come out. Fed will ensure markets health, irrespective of their decision, so language becomes critical. Nasdaq CMF is green and is giving clear indication of bullish posture. So be ready for UP / Down tape in first 30 minutes after 2 PM. By 3 PM we will know where we are headed for close, hopefully sharply higher.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Stocktrader,
You have got Midas touch. You played very well with FDX, especially the holiday season right around here. Good luck.
Joseph
Hi joseph,
Thanks for the kind words. It has been a good year for stock picking and I have been mostly fortunate once we got past the volatility at the beginning of the year. I hope story stocks continue strong into year end! :)
Stocktrader
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