Friday, February 24, 2017

Indices closed UP .05% to .17%...NICE !!!!

Indices closed UP after being down from open. Dow closed UP 11 consecutive days, a feat not accomplished since 1987. Dow & S&P 500 closed @ highest level ever. CMF is @ highest level. There was a surge in buying in last hour despite financials and energy being lower. All indices closed @ highest point of the day, a rarity.

S&P 500 @ 2367.34, high 2367.34, low 2352.87

RSI @ 79.43

CMF @ 0.483

Internals were :

UP volume led by .61 to 1 in NYSE & 1.11 to 1 in Nasdaq

Advancing stocks led by 1.11 to 1 in NYSE & .87 to 1 in Nasdaq

Net new 52 wk highs were leading by 120 in NYSE & 55 in Nasdaq

VIX Down 2.05% @ 11.47

Oil @ $53.99

Gold @ $1258.30

Canadian $ @ .6896

Following stocks closed green OLED NTES FNSR CIEN NVDA
UA LVS V AAPL LULU KGC LEN TSLA SINA EBAY WB
LNG BABA CSIQ FSLR CTRP MLNX COH ORCL MCD
CRUS NKE KBH AAL M PANW LRCX......

In my portfolio :

Added 50% CY @ $12.60

Bought BIDU @ $175.80

Here is my portfolio weighting :

TECK   25.24%

OCLR  22.49%

BIDU  21.34%

CY      15.49%

CNQ  15.44%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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