Indices closed UP.
S&P 500 @ 2473.83, high 2473.83, low 2463.85
RSI @ 67.10
CMF @ 0.061
Internals were :
UP volume led by 4.26 to 1 in NYSE & 2.27 to 1 in Nasdaq
Advancing stocks led by 2.94 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 226 in NYSE & 175 in Nasdaq
VIX Down 1.01% @ 9.79
Oil @ $47.12
Gold @ $1242.00
Stocks which were UP 2% or more included
BBRY LULU OCLR SWIR
JKS CSIQ FSLR SU CHK TK
RIG CIEN TRIP CSOD MS CRUS
OPK X LRCX CNX......
AH news...QCOM Down 1.69%, MGM UP 3.29%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, S&P 500 and Dow closed @ absolute highest point of the day, Nasdaq missed it by 2 points. S&P 500 and Nasdaq closed @ new all time high. Market has entered a stage where fast money will be made,TAPE is slow and gradual which has lasting power.Majority of traders are in disbelief and expect TAPE to turn lower for a long time, nobody can predict how far any stock can go, look @ NFLX for answer.
BLOG does NOT give buy or sell
Saleem
4 comments:
Hi Saleem,
Sold MU @ 31.87 to take profits.
Stocktrader
Hi Stocktrader,
Now...you can sit back and relax for few hours....
Saleem
Hi Saleem,
Bought BAC @ 24.03
After good earnings, but a pullback in shares, I think the stock could be ready for a run if yields pick back up. It also provides a good hedge of sorts for the portfolio in that respect.
Stocktrader
Hi Stocktrader,
Good luck with BAC....
Saleem
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