Indices closed UP.
S&P 500 @ 2357.16, high 2366.37, low 2351.50
RSI @ 50.66
CMF @ -0.041
Internals were :
UP volume led by 1.81 to 1 in NYSE & 1.20 to 1 in Nasdaq
Advancing stocks led by 2.09 to 1 in NYSE & .94 to 1 in Nasdaq
Net new 52 wk highs were leading by 85 in NYSE & 30 in Nasdaq
VIX UP 9.17% @ 14.05
Oil @ $53.08
Gold @ $1253.90
Stocks which were UP 1% or more included BIDU CY TECK
CNQ BABA OLED FCX GG ABX AEM AMZN LULU
JKS CSIQ FSLR SPWR LEN TSLA EXPE SU VRX
TK RIG LNG WB KBH CMG AAL M.....
AH News...TER UP 16.47%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE tried to stage a rally, but lost most of its gains by close. S&P 500 and Dow are sitting near 50 DMA, any negative action can take both indices below 50 DMA. CMF is negative in S&P 500 and Dow, another negative sign. How we close is a good sign of internal health of any market, we are not looking good.VIX closing above 14 after a long time is another confirmation of negativity, SOX did not behave well either. that all is not well. Keep an eye how we close from hereon and take necessary action.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi guys,
I had a doctor's appt midday yesterday and then the dilated eyes made it hard to work on the computer until much later.
Yes Joseph, ZYNE has finally broken out. It's getting trickier because many expect good results from the trials coming this Summer, so I may trim some if we really start ramping.
Last week: +0.10% (S&P -0.30%)
YTD (through Sunday): +9.72% (S&P +4.73%)
Winners: ZYNE AKS MJCO CHK
Losers: TNA GM SPLK HBAN
Portfolio right now: HUN HBAN BABA FB SPLK URI RCL CHK ZYNE DAL Z MU AKS MJCO, exposure 100.0%
I still expect a fairly positive earnings season as the number of negative pre-announcements have been really minor, limited to troubled sectors only.
Stocktrader
Hi Stocktrader,
Hoping that your eyes will be back to normal very soon.
Last week was a losing week for me, sitting @ +5.81% YTD
Saleem
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