Indices closed UP.
S&P 500 @ 2257.83, high 2263.88, low 2245.13
RSI @ 58.89
CMF @ 0.067
Internals were :
UP volume led by 3.85 to 1 in NYSE & 2.53 to 1 in Nasdaq
Advancing stocks led by 3.24 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 143 in NYSE & 103 in Nasdaq
VIX Down 8.48% @ 12.85
Oil @ $52.33
Gold @ $1162.00
Stocks which were UP 2% included BIDU FCX
MU AKS ABX VRX UA LULU ABX KGC
JKS NFLX CSIQ MA TK RIG FEYE WB
LNG FSLR SPWR TRIP MLNX MGA
DATA SLW AEM X........
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong @ open with profit taking during midday, then a strong close. Most sector participated in today's rally. Internals were strong with a strong close is a good thing. IF we close green again, then this rally has further to go. Diversified portfolio is the best way to participate in any rally. New money being allocated to equities.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Bought GG @ $14.10
Saleem
Hi Stocktrader,
I have been thinking of buying gold. I believe it is a good move.
ZYNE is moving Higher and higher everyday. Keep it up. Amazing run.
Good luck
Joseph
Hi Saleem,
Good luck with GG. Gold has been creeping higher (and bitcoin has been skyrocketing).
Hi Joseph,
I'm not exactly sure what to do with gold here, but I'm more probably inclined to be a buyer than a seller. That said, I'm more interested in other commodities or energy if we really do think growth/inflation is coming. I don't buy into the uncertainty part of Trump's future that gives gold a boost at times.
I almost trimmed ZYNE a couple times today but decided to see how things work out. I struggle with stocks that are long term undervalued but short term overextended. New support at $17 where the breakout above the triple top happened should provide solid support.
Stocktrader
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