Monday, October 10, 2016

Indices closed UP .46% to .69%....NICE !!!!

Indices closed UP.

S&P 500 @ 2163.66, high 2169.60, low 2160.39

RSI @ 51.46

CMF @ - 0.020

Internals were :

UP volume led by 2.94 to 1 in NYSE & 1.84 to 1 in Nasdaq

Advancing stocks led by 2.56 to 1 in NYSE & 2.36 to 1 in Nasdaq

Net new 52 wk highs were leading by 123 in NYSE & 109 in Nasdaq

VIX Down .74% @ 13.38

Oil @ $51.35

Gold @ $1260.40

Stocks which were UP 1% or more included AMD CNQ CMG VRX
CRM UA NTES AAPL CTRP SPLK TSLA MACK GOOG LVS
WYNN OLED KGC JKS CSIQ SINA DNKN SU EBAY TK
CHK RIG WB BABA YELP FSLR SPWR AKS X AAL
LRCX MCD TCK SLW CRUS CSOD ZG.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, Indices were higher on strong oil which is @ highest point in over a year. Nasdaq is only 15 points below to create a new all time high. Many Nasdaq stocks are poised to hit new all time high like GOOG, FB AMZN. Many sector participated in today's rally, this is a sign of more bullish TAPE. Stay in a diversified mode as gains could be outsize.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...

Hi Stocktrader,

Sold NTNX @ $34.27

Added 100% CMG @ $426.00

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more CMG. Channel checks indicate traffic has not picked up at all, but at least it is not still decelerating. I hope we have seen the bottom in the stock.

Stocktrader