Monday, February 27, 2017

Indices closed UP .08% to .28%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2369.73, high 2371.54, low 2361.87

RSI @ 79.99

CMF @ .520

Internals were :

UP volume led by 1.98 to 1 in NYSE & 1.90 to 1 in Nasdaq

Advancing stocks led by 1.55 to 1 in NYSE & 1.87 to 1 in Nasdaq

Net new 52 wk highs were leading by 176 in NYSE & 141 in Nasdaq

VIX UP 5.41% @ 12.09

Oil @ $54.05

Gold @ $1258.80

Stocks which were UP 1% or more included    CNQ CY
AMD MU OLED AKS QRVO BAC NVDA WYNN
LVS LULU JKS CSIQ SPWR COH LEN VRX 
RIG FEYE LNG YELP CIEN SWIR MGA
KBH OPK X M .....

AH ER....NTRI UP 17.86%, PCLN UP 3.31%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE ignored early morning selling and closed @ new all time highs in Dow & S&P 500. CMF is @ highest level since August, this means money flow is accelerating into equities. Dow has matched record consecutive close of 12 UP days, which happened back in 1987, can it create a new record of consecutive high and make it 13 in a row, i think not only that is possible, but it could go into 20. We are going up slow and steady, which has lot of room on upside. Policy announcement tomorrow can fuel this rally further.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

OCLR looks very interesting here. If I had buying power, I'd take a starter stab at it! :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

Thanks for your take on OCLR.

Saleem