Indices closed UP.
S&P 500 @ 2364.87, high 2369.08, low 2354.54
RSI @ 60.76
CMF @ 0.383
Internals were :
Down volume led by 1.51 to 1 in NYSE & .91 to 1 in Nasdaq
Declining stocks led by 2.40 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 74 in NYSE & highs by 11 in Nasdaq
VIX UP 3.71% @ 12.30
Oil @ $49.28
Gold @ $1203.20
AH ER...FNSR Down 16.48%, ZUMZ Down 14.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE faced jobs report and interest rates jitters all week, indices managed to close in green. Jobs report can be " buy the news ". Interest rate going UP next Wednesday by .25% is a reflection of US economy doing better. This mild weakness in TAPE was much needed to digest all the gains and reduce euphoria.Currently, we have " lot of negativity about the direction of this market".....it is a very good "contrary indicator "....means next move is higher. On Friday's there is a closing BLOG only around 7 PM.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Added 50% OCLR @ $8.83.
Saleem
Hi Saleem,
Good luck with more OCLR.
I forgot to mention before, but starting today I'm on a family vacation through next Friday. Hopefully things stay quiet...too much to hope for? :)
Stocktrader
Hi Stocktrader,
Enjoy family time!
Saleem
Hi Stocktrader,
Enjoy your time with your family. It is important to give us some space to get away from our routine life. Your hard work deserves a vacation. Relax and enjoy.......
Joseph
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