Indices closed mixed.
S&P 500 @ 2373.47, low 2369.66, high 2379.55
RSI @ 58.83
CMF @ 0.174
Internals were :
Down volume led by 1.59 to 1 in NYSE & .89 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & 1.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 86 in NYSE & 113 in Nasdaq
VIX UP .53% @ 11.34
Oil @ $48.22
Gold @ $1234.00
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was weak due to lower oil, Nasdaq closed @ green and made a new all time high @ intraday and @ close.Internals behave better than close, they were mostly positive. Semiconductor stocks were strong and few made new 52 wk high.Financials were weak. While this TAPE is marking time, it is a good time to improve portfolio quality for better performance.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Stocktrader,
Bought MU @ $26.26.
Saleem
Hi Saleem,
Bought SPLK @ 61.91
Stocktrader
Hi Saleem,
Good luck with MU, earnings this week!
Stocktrader
Hi Stocktrader,
Good luck with SPLK.
Saleem
Hi Saleem,
Added to SPLK @ 60.55
If the "reflation trade" is sputtering, I can't think of a better stock to be in. It is also in a range of major support.
Stocktrader
Hi Stocktrader,
Good luck with more SPLK.
Saleem
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