Indices closed mixed.
S&P 500 @ 2268.90, low 2265.27, high 2279.27
RSI @ 60.24
CMF @ -0.102
Internals were :
UP volume led by 1.49 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.77 to 1 in NYSE & 1.90 to 1 in Nasdaq
Net new 52 wk highs were leading by 88 in NYSE & 85 in Nasdaq
VIX Down .61% @ 11.49
Oil @ $50.82
Gold @ $1185.50
Stocks which were UP 1% or more included
BIDU BAC FCX PI OCLR TECK
NEFF AKS NTES CMG VRX OLED
UA LVS WYNN LULU COH QRVO YHOO
FEYE WB BABA SPWR CTRP MLNX MGA
AAL X CNX......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was mixed as oil was lower again, Nasdaq made another all time high and 4 straight day of gains.Internals were strong. CMF is negative in Dow, S&P 500 and Nasdaq again. This TAPE is extremely narrow as seen today. Definitely has a look of overbought condition. RSI in Nasdaq is a reasonable 65.47 and lower on other main index. Booking profit has to to be a priority as mixed condition continues.
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Saleem,
Sold the rest of my ACIA @ 58.78
I'll look for a better entry if I'm still interested, but the chart has turned dreadfully against these guys now.
Stocktrader
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