Indices closed UP.
S&P 500 @ 2293.08, high 2299.40, low 2290.16
RSI @ 60.45
CMF @ 0.271
Internals were :
Down volume led by 1.81 to 1 in NYSE & 1.26 to 1 in Nasdaq
Declining stocks led by 1.21 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 121 in NYSE & 94 in Nasdaq
VIX Down .70% @ 11.29
Oil @ $52.17
Gold @ $1236.10
AH ER...MCHP UP 9.87%, BWLD Down 4.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under pressure from possibility of March hike in interest rate. Oil being down again did not help either. Indices managed to close UP, which shows buying near low of the day. Many strong technology stocks performed well. Rotation keeps happening on a daily basis, take advantage of this predictable trend. Nasdaq made a new all time high today.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sold LYB @ 92.35 after holding for a while now.
Although their execution remains solid, extra capacity in the industry will come on next year hurting earnings power.
Bought Z @ 34.24
After listening to their conference call last night, it really seems like they are in early stages still with expansion into multiple areas in housing and finance. Since the acquisition of Trulia, they have become the clear leader, so despite the valuation, I think there's potential for appreciation here.
Stocktrader
Hi Stocktrader,
Good luck with new ideas.
Sold GG @ $16.92
Saleem
Hi Stocktrader,
Good luck with Z.
Saleem
Hi Stocktrader,
Added 50% TECK @ $23.56
Saleem
Hi Saleem,
The run in gold has been great. Nice GG gains!
TECK seems nicely priced here. I hope it starts another run :)
Stocktrader
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