Indices closed UP.
S&P 500 @ 2360.16, high 2360.53, low 2350.72
RSI @ 52.26
CMF @ 0.053
Internals were :
UP volume led by 1.14 to 1 in NYSE & .96 to 1 in Nasdaq
Advancing stocks led by 1.00 to 1 in NYSE & .71 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 3 in Nasdaq
VIX Down 4.77% @ 11.79
Oil @ $51.03
Gold @ $1258.40
AH News ...PNRA UP 12.3%, TSRO Down 5.82%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE has recovered nicely by close for several days, it is a sign of built in buying @ low of the day and technical strength. When indices close @ high of the day, it is very good for future UP move. Stay diversified, as rotation is happening on a daily basis. Energy & base metals are showing sign of life lately.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem and stocktrader,
Thanks for your encouraging words and advice. Let us hope market will continue to go high. I am tempted to take some profit. Good luck.
Joseph
Hi Joseph,
Taking profit near overbought level always works $$$
Saleem
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