Indices closed mixed.
S&P 500 @ 2459.14, low 2457.16, high 2462.82
RSI @ 62.38
CMF @ -0.030
Internals were :
UP volume led by 1.34 to 1 in NYSE & .91 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 148 in NYSE & 102 in Nasdaq
VIX UP 3.26% @ 9.82
Oil @ $46.02
Gold @ $1233.70
AH ER...NFLX UP 10.69%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mostly flattish, NFLX earnings tonight is extremely positive. Tonight reports are that GOP healthcare bill is in trouble, thus futures are down. CMF is negative in S&P 500 and Dow, they have been trending down for a while, not a good development for equities. Nasdaq is still positive in money flow. Booking profit may not be a bad idea, go to low RSI stocks in same sector.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Thank you Stocktrader for the info on ZYNE. I am expecting a decision to come out by end of August. So, I'll hold until mid Aug and see how it goes. My hope is similar to yours for a pre-run but it hasn't been working so far.
Thanks,
Explorer
Hi Explorer,
The risk/reward is actually larger on both sides than I realized, so thought it was important to share the analyst note. It may be keeping many on the sidelines.
I'm at my comfortable position size now ready for the data releases, so I can sit back and wait for it all to happen :)
Stocktrader
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