Indices closed mixed.
S&P 500 @ 2399.63, high 2399.74, low 2392.79
RSI @ 64.91
CMF @ 0.119
Internals were :
UP volume led by 3.04 to 1 in NYSE & 1.37 to 1 in Nasdaq
Advancing stocks led by 1.89 to 1 in NYSE & 1.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 95 in NYSE & 98 in Nasdaq
VIX UP 2.51% @ 10.21
Oil @ $47.33
Gold @ $1218.90
Stocks which were UP 1% or more included CNQ CY OCLR
KGC SLW AEM GG NTES TSLA FNSR OLED NVDA
MU NFLX CTRP WB AMD NFLX SINA VRX CHK
LNG FEYE FSLR SPWR COH SU CMG CNX.....
AH ER :
NTES UP 3.57%
CTRP Down 4.24%
CUDA Down 10.81%
SNAP Down 23.06%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE overcame personnel change @ FBI, indices closed near high of the day, Nasdaq closed @ new all time high. Internals were strong. Most leaders were higher which bodes well to the health of this TAPE. Oil needs to confirm this uptick by confirming this up move, needs to close green on Thursday.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold MU @ 29.28
Sold CHK @ 5.76
Taking more profits.
Stocktrader
Hi Stocktrader,
More profit more $$$.
Saleem
Hi Saleem and stocktrader,
I have been holding 700 shares of VRX. (average price 13.10). The stock has been growing quite a lot. Is it good to get out and wait for a pull back? Your views would be appreciated.
thank you
Joseph
Hi Joseph,
My quick take is that I'd hold on. There's still nobody in the stock, and many analysts are negative, so if any turn comes or asset sales proceed well, it could double from here still.
I would see how it reacts in the $16-#17 range. That has been an area of major resistance in the last six months, as well as the 200 DMA likely to be in that area soon also.
Stocktrader
Hi Joseph,
VRX is on the mend and has raised guidance.
It is a strong long term hold.
Patience and conviction should make you $$$$ in long term.
Saleem
Hi Stocktrader and Saleem,
Thanks for your prompt reply. I will hold it and see where it goes.
Once again thanks
Joseph
Post a Comment