Friday, December 23, 2016

Indices closed UP .07% to .28%....NICE !!!!

Indices closed UP on better than expected economic data in US. All indices closed @ highest point of the day, S&P 500 and Nasdaq @ the-highest point, Dow missed it by few tick. Anytime indices close @ highest point, it is showing technical strength for future.

S&P 500 @ 2263.79, high 2263.79, low 2258.84

RSI @ 65.97

CMF @ -0.053

Internals were :

UP volume led by 1.76 to 1 in NYSE & 2.00 to 1 in Nasdaq

Advancing stocks led by 1.48 to 1 in NYSE & 2.20 to 1 in Nasdaq

Net new 52 wk highs were leading by 62 in NYSE & 48 in Nasdaq

VIX UP 0.09% @ 11.44

Oil @ $53.02

Gold @ $1133.60

Canadian $ .6465

Stocks which closed green included BIDU BAC 
MU C CHK NVDA NEFF NTES ABX OLED
TSLA FFIV PCLN TK WB LNG CIEN GS
MLNX DATA CSOD MGA MS SLW AEM
M PANW LRCX CNX QRVO.....

Here is my portfolio weighting :

CMG    26.33%

BAC     22.90%

BIDU   22.11%

AMD    16.12%

TECK   6.94%

FCX     5.60%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Wishing all of BLOG visitors a merry Christmas!

Saleem 

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