Indices closed UP.
S&P 500 @ 2355.84, high 2361.37, low 2340.91
RSI @ 52.05
CMF @ 0.051
Internals were :
UP volume led by 2.62 to 1 in NYSE & 3.49 to 1 in Nasdaq
Advancing stocks led by 2.48 to 1 in NYSE & 2.61 to 1 in Nasdaq
Net new 52 wk highs were leading by 98 in NYSE & 96 in Nasdaq
VIX Down 5.22% @ 14.15
Oil @ $50.71
Gold @ $1283.80
Stocks which were UP 2% or more included AMD CY
OLED SWKS MU LULU MA WB MGA M LRCX...
AH ER...PFPT UP 9.01%, V UP 2.14%
AH Futures UP
AH Asian Markets UP
AH Oil Unchanged
AH Gold Down
About market, TAPE staged another strong oversold bounce and further boost was given on optimism about tax reform and financial reform. We need a confirmation of this up move by closing green on Friday.S&P 500 & Dow are still below 50 DMA while Nasdaq is above and ready to take out all time high. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Bought BAC @ 22.91
After a great quarter, I think it's the best financial to own. It has great technology which will help it thrive in the huge coming transformation of the financial services industry. It's a little more expensive that I'd like, but I wanted to be in ahead of the elections this weekend.
Stocktrader
Hi Saleem,
Bought a little CHK @ 5.61 with my remaining cash.
As you know, this is one of my energy favorites due to their balance sheet and cost improvements in recent years. Valuation looks attractive here, and I really liked what Trump said about exporting natural gas yesterday.
I'm trying to figure out what position I could trim a little to add more CHK.
Stocktrader
Hi Stocktrader,
Good luck with BAC and more CHK.
Saleem
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