Indices closed UP.
S&P 500 @ 2163.26, high 2170.10, low 2125.35
RSI @ 59.58
CMF @ -0.110
Internals were :
UP volume led by 2.69 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks led by 1.24 to 1 in NYSE & 2.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 107 in Nasdaq
VIX Down 23.27% @ 14.38
Oil @ $45.27
Gold @ 1273.50
Stocks which were UP 1% or more included CNQ TWLO WB
AKS ACIA GWPH NTES QRVO ZYNE TRIL TWTR
LULU VRX NTNX KGC DNKN FFIV FNSR TK
CHK RIG AMCC CIEN FCX WYNN GS MS
DATA ORCL SLW AEM AAL X M PANW...
AH ER..NTES Down 5.11%, SPWR Down 2.14%
AH Futures Mixed
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE took off after open on conciliatory tone of contestants in the wake of election outcome. Technical health of market is looking outstanding, all indices are above 50 DMA, Dow is ready to take all time high, its only 80 points away. Tech leaders did not behave well @ all, some are caught in partisanship and some on overseas production issue, while some may benefit on repatriation of $ under low tax rate, all this cross current on day one caught some flat footed. Many stocks in new sectors can be bought still.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Had a small amount of cash so added to NEFF @ 9.95.
Portfolio: TNA(26%), MET(12%) ZYNE TRIL QRVO(10%), NEFF, SPLK, AKS(6%) SWN, CNAT, cash 0.0%
Stocktrader
Hi Stocktrader,
Good luck with more NEFF, impressive action yesterday.
Saleem
Hi StockTrader/Salem,
Why is this reversal today compared to opening? I had a sell order on ZYNE for 14.30 but never filled
Explorer
Hi explorer,
The market and ZYNE specifically have run a lot in recent days. There is always a retrenchment after large gains. The market is trying to digest all the news this week and the implications for the future--sometimes that is a volatile process.
Stocktrader
Hi Expolrer,
Markets are extremely strong, while Nasdaq taking a hit.
You are in a sector which in vogue due to Trump victory, keep an eye on GWPH which is leading indicator for ZYNE same focus.
Saleem
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