Thursday, February 9, 2017

Indices closed UP .58% to .59%...NICE !!!!

Indices closed UP.

S&P 500 @ 2307.87, high 2311.08, low 2296.61

RSI @ 66.49

CMF @ 0.310

Internals were :

UP volume led by 2.32 to 1 in NYSE & 1.74 to 1 in Nasdaq

Advancing stocks led by 1.92 to 1 in NYSE & 2.61 to 1 in Nasdaq

Net new 52 wk highs were leading by 156 in NYSE & 164 in Nasdaq

VIX Down 4.98% @ 10.88

Oil @ $53.00

Gold @ $1236.80

Stocks which were UP 2% or more included CNQ
AKS FNSR CHK CMG UA TSLA DNKN SU
FEYE LNG FSLR SWIR MS AAL X PANW...

AH ER...ATVI UP 10.75%, YELP Down 9.26%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was strong today and all major indices closed @ new all time highs, oil was green, new highs gets series of new highs. Internals were strong. Stay with conviction in this TAPE, it gets sloppy then regains strength for few days. Booking profit and rotating into new ideas is more profitable. On Friday's there is a closing BLOG only around 7 PM.

BLOG does NOT give buy or sell.

Saleem


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