Indices closed mixed.
S&P 500 @ 2373.47, high 2374.42, low 2368.52
RSI @ 64.03
CMF @ 0.395
Internals were :
UP volume led by 1.43 to 1 in NYSE & 1.45 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.68 to 1 in Nasdaq
Net new 52 wk highs were leading by 28 in NYSE & 85 in Nasdaq
VIX Down 2.66% @ 11.35
Oil @ $48.40
Gold @ $1203.10
Stocks which were UP 1% or more included AMD CY TECK
AKS PI CHK NVDA FCX LVS JKS NFLX TSLA CSIQ
JKS FSLR SINA EXPE RIG FEYE WB BABA MU
CTRP WYNN MLNX MGA X LRCX CNX......
AH News...VRX Down 9.74%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was firm on close as S&P 500 and Nasdaq closed green. Internals improved and were positive all over. Indices closed near high of the day, which is a very positive sign.Some unknown guru is getting coverage for missed prediction of 30% pullback in Dow, his effective date of March 13th came and went, but they always have fallback date which is now May 11th, so we are allowed 59 calendar days to breathe easy. We are on firm ground and ready to scale new height.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Bought DAL @ 47.00
Using this further dip as a buying opportunity. I think the new trend for oil is better for airline profitability, and I think there is restraint in adding capacity.
Stocktrader
Hi Stocktrader,
Good luck with more DAL.
Saleem
Hi Saleem,
I sold it last week so this is just a rebuy lower :)
Stocktrader
Hi Stocktrader,
OK. ...thanks for correcting me.
Saleem
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