Monday, March 13, 2017

Indices closed mixed.....

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:

Stocktrader2 said...

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

Stocks100 said...

Hi Stocktrader,

Good luck with more DAL.

Saleem

Stocktrader2 said...

Hi Saleem,

I sold it last week so this is just a rebuy lower :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

OK. ...thanks for correcting me.

Saleem