Monday, July 31, 2017

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2470.30, low 2468.53, high 2477.96

RSI @ 61.48

CMF @ 0.231

Internals were :

UP volume led by 1.23 to 1 in NYSE & .65 to 1 in Nasdaq

Advancing stocks led by 1.13 to 1 in NYSE & .86 to 1 in Nasdaq

Net new 52 wk highs were leading by 115 in NYSE & 26 in Nasdaq

VIX Down .29% @ 10.26

Oil @ $50.17

Gold @ $1266.60

AH news....TXRH UP 6.77%, SIMO Down 2.68%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was mixed as Nasdaq was weak, Dow made a new all time high. Internals were mixed. AAPL reports AH on Tuesday, its all about guidance. Technology stocks are taking a well deserved rest after a terrific run. There is rotation which can be played easily, a diversified portfolio plays rotation well.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Added to ZYNE @ 13.49

Risk/reward has shifted more favorably ahead of the data so I stepped in for an addition here.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more ZYNE....

Quite volatile today...was down 8% then UP 8%.....on no news?

Saleem