Indices closed UP.
S&P 500 @ 2399.38, high 2401.36, low 2393.92
RSI @ 65.58
CMF @ 0.111
Internals were :
Down volume led by 1.18 to 1 in NYSE & 1.37 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 115 in NYSE & 112 in Nasdaq
VIX Down 7.57% @ 9.77
Oil @ $46.43
Gold @ $1227.10
AH ER....OTEX Down 9.65%
HTZ Down 17.30%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE faced mild selling on sell the news of Macron victory, in the end all indices closed green. Internals were mixed. Day like today is very encouraging after a strong Friday. Stay the course with strong behaving stocks like front line technology stocks.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought KBH @ 20.59
I really wanted a homebuilder, and so I picked one with higher beta and takeover potential even though DHI might be steadier.
With consumer confidence high and many of the world's problems fading, the basement dwellers might decide this is their time to buy. Home supply remains incredibly low which gives homebuilders continued pricing power. Additionally, with the quickly proliferating "at-home" economy, where everything comes to you, the house should become an ever more important place to shop, work, and entertain. I think the role of a house will continue to expand over the next 10-20 years.
Stocktrader
Hi Stocktrader,
Good luck with KBH.
Saleem
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