Indices closed mixed.
S&P 500 @ 2460.61, high 2460.92, low 2450.34
RSI @ 62.88
CMF @ -0.035
Internals were :
Down volume led by 1.57 to 1 in NYSE & .84 to 1 in Nasdaq
Declining stocks led by 1.10 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 104 in NYSE & 75 in Nasdaq
VIX UP .71% @ 9.89
Oil @ $46.40
Gold @ $1241.90
AH news...IBM Down 2.79%, UAL Down 3.55%
CSX Down 4.17%, VRTX UP 25.61%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed mixed but Nasdaq and S&P 500 closed @ new all time high. Indices closed @ high of the day. Internals were weak.Many sectors are acting strong and making new highs. Stock selection is critical these days, buy the strength. Show conviction & patience with your high comfort level stocks.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Stocktrader,
Bought AMD @ $13.53
Saleem
Hi Saleem,
Good luck with AMD!
Stocktrader
Hi Saleem,
Sold FB @ 165.33 to take profits.
Stocktrader
Hi Stocktrader,
We must think alike..... i also have a sell order.....few cents above....
Saleem
Hi Saleem,
Although this market has the feel of more gains ahead with this slow, steady rally, I just can't justify staying in some of my stocks after these huge runs ahead of earnings. Hopefully, there will be an opportunity some time to pick up some bargains. I'm up to 46% cash...
Stocktrader
Hi Stocktrader,
All traders face the same question.....sell now or wait for more.....i keep increasing my sell price.....based on current strength of TAPE.....
I smell more $$$$$$
Saleem
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