Indices closed UP.
S&P 500 @ 2503.87, high 2508.32, low 2499.92
RSI @ 66.11
CMF @ 0.289
Internals were :
UP volume led by 1.60 to 1 in NYSE & 1.70 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 153 in NYSE & 223 in Nasdaq
VIX Down .20% @ 10.15
Oil @ $49.91
Gold @ $1310.80
Stocks which were UP 1% or more included AMD CTRP NFLX
NVDA SHOP BZUN BABA BIDU TSLA MCHP FNSR BAC
NTES OCLR OLED TECK FCX DNKN CHK TK MU GS
CIEN AGU DATA MS SPLK ULTA X LRCX CNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong with Dow & S&P 500 making new all time high, Nasdaq faded by close. Internals were positive. There is rotation going on and many are taking advantage by booking gains and jumping on ready to move again ideas, i did that with NVDA / NFLX swap.I am not the only one doing that based on fade in some stocks. In a rotating market, you can compound your return by making timely swap. Wednesday @ 2 PM, Fed will give its take on economy, interest rate direction and unwinding of its balance sheet.
BLOG does NOT give buy or sell.
Saleem
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