Indices closed UP.
S&P 500 @ 2498.37, high 2498.37, low 2492.14
RSI @ 64.98
CMF @ 0.112
Internals were :
UP volume led by 1.57 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 102 in NYSE & 114 in Nasdaq
VIX Down .76% @ 10.50
Oil @ $49.30
Gold @ $1328.00
Stocks which were UP 1% or more included CTRP JD
BZUN BABA WUBA AMZN OCLR CNQ BAC UA
SBUX JKS COH CHK TK RIG FEYE MS OPK
AAL M.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed @ absolute high of the day and made another all time high on a closing basis.It is important to note that, we have not made a new all time high in Nasdaq which is 6460.84, we closed today @ 6460.19, In Dow also, we have not crossed all time high of 22,200, we closed today @ 22,158.18. Only S&P 500 made a new all time high and also closed @ new all time high. Internals were positive on renewed hope of tax reform.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold MOMO @ 36.79
Technicals have been challenged, and a research firm today pointed to weaker tracking numbers for September. I'll step to the sidelines for now.
Stocktrader
Hi Stocktrader,
Sometimes one has to evaluate exposure based on latest research, an ongoing process.
Good luck with proceeds from MOMO.
Saleem
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