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
ReplyDeleteHi 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,
ReplyDeleteTaking profit near overbought level always works $$$
Saleem