Friday, February 10, 2017

Indices UP .33% to .48%....NICE !!!!

Indices closed near high of the day on hopes for tax reform and higher oil. All major indices made a new all time high.

S&P 500 @ 2316.10, high 2319.23, low 2311.10

RSI @ 69.32

CMF @ 0.285

Internals were :

UP volume led by 2.30 to 1 in NYSE & 1.69 to 1 in Nasdaq

Advancing stocks led by 2.59 to 1 in NYSE & 2.05 to 1 in Nasdaq

Net new 52 wk highs were leading by 226 in NYSE & 197 in Nasdaq

VIX Down .28% @ 10.85

Oil @ $53.86

Gold @ $1235.90

Canadian $ @ .6926.....job growth in Canada was way better than expected.

Stocks which were UP 1% or more   AMD BIDU CNQ FCX TECK
FNSR CIEN CHK ABX GG SLW AEM JKS CSIQ FSLR SPWR
COH LEN DNKN EBAY PCLN TK RIG FEYE CTRP AGU
SWIR CSOD MGA ORCL MCD NKE KBH OPK.....

Here is my portfolio weighting :

TECK   21.96%

BIDU   21.63%

AMD    16.45%

OCLR   15.62%

CNQ     15.60%

FCX       8.74%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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