Indices closed UP.
S&P 500 @ 2557.64, high 2559.47, low 2552.64
RSI @ 73.92
CMF @ 0.379
Internals were :
Down volume led by 1.02 to 1 in NYSE & .85 to 1 in Nasdaq
Declining stocks led by 1.02 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 179 in NYSE & 163 in Nasdaq
VIX UP 3.12% @ 9.91
Oil @ $51.87
Gold @ $1303.00
Stocks which were UP 2% or more included SHOP
BIDU JD MOMO MU FCX WYNN....
AH ER...NFLX UP 1.29%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in green whole day and made new all time highs in Dow , S&P 500 and Nasdaq. Internals of the market weak. Before open its financial earnings will set the tone for market.As i am strongly negative on this market near term, i am not doing any buying, will wait, till technicals improve.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteBought some SCCO @ 43.045
With coper near all time highs, and production problems at many of the world's miners, SCCO might be in the driver's seat for the best profits. I may shift some of my FCX out after earnings.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with SCCO.
Saleem