Indices closed mixed.
S&P 500 @ 2294.67, high 2295.91, low 2285.38
RSI @ 61.15
CMF @ 0.332
Internals were :
UP volume led by 1.31 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & .81 to 1 in Nasdaq
Net new 52 wk highs were leading by 55 in NYSE & 75 in Nasdaq
VIX UP 1.42% @ 11.45
Oil @ $52.34
Gold @ $1239.50
Stocks which were UP 1% or more included AMD BIDU OCLR
GG QRVO PI VRX FNSR NTES ABX CMG FB TWTR UA
LULU KGC COH LEN DNKN EBAY BABA AEM KORS
NKE TSLA X M PANW......
AH ER....IMPV UP 9.56%, SNCR Down 8.17%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed near high of the day, Nasdaq closed @ new all time high. CMF is highest in 8 weeks in S&P 500 & Dow, which is a sign of money flowing in market. Indices seems to be getting buyers at red level, thus closing near high of the day, keeps happening daily. How we close tells us more about health of any TAPE. Stay in diversified portfolio, rotation is on.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold PFPT @ 82.03 to take profits.
I'm not entirely comfortable with valuation in this very crowded space despite wonderful execution still.
Stocktrader
Hi Stocktrader,
Taking profit is a good idea.
Saleem
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