Indices closed mixed.
S&P 500 @ 2381.38, low 2377.18, high 2388.10
RSI @ 63.75
CMF @ 0.326
Internals were :
UP volume led by .97 to 1 in NYSE & 1.68 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 148 in Nasdaq
VIX Down 3.61% @ 11.21
Oil @ $48.75
Gold @ $1227.10
Stocks which were UP 1% or more included BIDU OCLR TECK
VRX NVDA TWTR UA JKS CSIQ SPWR LEN TSLA SINA
DNKN FEYE WB LNG BABA WYNN ORCL MS CRUS
KBH OPK LRCX.....
AH ER...ADBE UP 4.00%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE tried to follow thru @ open, but it went lower on profit taking. Internals of the market were mostly positive. It is OK to take a rest before moving higher. Chinese stocks did well today. Stay in this market in overweight mode in a well diversified portfolio.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I am much more constructive on this market than a few weeks ago. I'll be looking for buys on Sunday/Monday when I have more of my resources available as we arrive home.
Stocktrader
Hi Stocktrader,
I am glad that you are looking to add to your exposure.
This is a very constructive environment, slow and gradual rise higher.
Good luck with your picks.
Saleem
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