Friday, October 14, 2016

Indices closed UP .02% to .22%.....NICE !!!!

Indices closed UP after being much higher earlier, we actually closed @ low of the day.Chinese data was much stronger on Friday vs Thursday's weaker number.Oil was slightly lower. Bank earnings were strong which offset fed hawkish tone.

S&P 500 @ 2132.98, low 2132.98, high 2149.19

RSI @ 42.47

CMF @ -0.050

Internals were :

UP volume led by .86 to 1 in NYSE & 1.12 to 1 in Nasdaq

Advancing stocks led by 1.03 to 1 in NYSE & .94 to 1 in Nasdaq

Net new 52 wk highs were leading by 35 in NYSE & lows by 42 in Nasdaq

VIX Down 3.42% @ 16.12

Oil @ $50.35

Gold @ $1255.50

Stocks which were UP 1% or more included AMD TCK
CRM NFLX EXPE EBAY CHK FSLR MU ORCL
MS ZG MLNX......

Here is my weighting :

CMG   27.64%

LULU 26.62%

CNQ   18.13%

VRX   14.22%

TWLO 6.70%

AMD  3.80%

TCK   2.89%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

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