Friday, December 9, 2016

Indices closed UP .50% to .72%.....NICE !!!!

Indices closed UP on higher oil, consumer confidence and momentum. All major indices made a new all time highs. This TAPE is in overdrive and is not ready to cool off yet.Indices closed @ high of the day......

S&P 500 @ 2259.53, high 2259.80, low 2249.23

RSI @ 76.31

CMF @ 0.276

Internals were :

UP volume led by 1.32 to 1 in NYSE & 1.16 to 1 in Nasdaq

Advancing stocks led by 1.01 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new 52 wk highs were leading by 305 in NYSE & 413 in Nasdaq

VIX Down 7.04% @ 11.75

Oil @ $51.50

Gold @ $1161.90

Canadian $ @ .6836

Stocks which closed UP included BIDU CNQ CMG FCX
CHK GOOG FB OLED LVS AAPL JKS CSIQ MSFT
EXPE TRIP PCLN EBAY RIG LNG BABA FSLR
SPWR WYNN AGU MGA AAL.....

Here is my portfolio weighting :

CMG   29.60%

CNQ   29.39%

BIDU 22.78%

TECK 11.92%

FCX     6.31%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem




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