Indices closed UP.
S&P 500 @ 2275.32, high 2275.32, low 2260.83
RSI @ 62.53
CMF @ -0.037
Internals were :
UP volume led by 1.63 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 2.20 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 106 in NYSE & 103 in Nasdaq
VIX Down 2.00% @ 11.26
Oil @ $52.25
Gold @ $1196.60
AH ER...KBH UP 2.71% , AAOI UP 18.40%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE ignored political agenda and went about doing what it does best, closed @ high of the day. CMF is green in Nasdaq. Internals were strong. Looks like Nasdaq will lead other indices to go higher and cross major milestone of 20,000 on Dow in short order. Keep an eye on euphoria setting in, that is the time to take the money and rest.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem and Stocktrader,
Sold 50% of TECK @ 24.33. Thanks for the pick.
Good luck with your trades
Joseph
Hi Joseph,
Nice win!
I was planning to trim today as TECK has grown to be a bit oversize in my portfolio and I'm somewhat skeptical of the worldwide steel dynamic, but was interested to see how the strength played out. I'm still looking at it for trim.
Stocktrader
Hi guys,
Here's an article about TECK and CLF that I came across recently. I thought it had some good information about TECK: http://www.fool.com/investing/2016/12/19/better-buy-teck-resources-ltd-vs-cliffs-natural-re.aspx?
Stocktrader
Hi Stocktrader,
Thanks for the TECK link.
I had 1000 shares and so I had to trim it to take some profit.
Thanks for your help
Joseph
Hi Joseph,
Good move in booking half profit in TECK .
Saleem
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