Indices closed UP.
S&P 500 @ 2404.39, high 2405.58, low 2397.99
RSI @ 59.32
CMF @ 0.285
Internals were :
UP volume led by 1.07 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 65 in Nasdaq
VIX Down 6.53% @ 10.02
Oil @ $51.36
Gold @ $1253.10
Stocks which were UP 1% or more included FB
IAG KGC GG ABX AEM TSLA NVDA MU
CY V SBUX DNKN YUM PCLN LNG GS
FSLR SPWR DATA SNAP MCD ....
AH ER...HPQ UP 3.05%, PVH UP 3.64%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong and closed near high of the day, S&P 500 closed @ new all time high. Internals were positive. Fed statement pointing to dealing with its balance sheet. By the time US market opens, we will have OPEC policy statement on production cuts and how long that will be. Higher oil is good for market bull run.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Bought CHK @ 5.47
I'd been waiting for the oil crash post-OPEC, and the meeting came and went without more than a whimper. I think natural gas continues to be a very interesting commodity as the hot summer approaches, and electric vehicles and exporting LNG are potential growth areas.
Stocktrader
Hi Saleem,
On that CHK, Only got a partial fill @ 5.47 and had to chase the rest @ 5.54 unfortunately
Stocktrader
Hi Stocktrader,
CHK is a good stock and has been good to you already, 2nd time could be even better.
Even my CNQ is alive today!
Saleem
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