Indices closed UP.
S&P 500 @ 2647.58, high 2657.74, low 2633.93
RSI @ 76.68
CMF @ 0.355
Internals were :
UP volume led by 1.56 to 1 in NYSE & 1.60 to 1 in Nasdaq
Advancing stocks led by 1.43 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 264 in NYSE & 250 in Nasdaq
VIX UP 5.42% @ 11.28
Oil @ $57.40
Gold @ $1276.70
Stocks which were UP 1% or more included BIDU BZUN
VRX FB AAPL NVDA FNSR AMZN NTES SWIR V
CNQ TECK LVS WYNN MA JKS CSIQ FSLR SU
MSFT DNKN YUM FFIV RIG FEYE CIEN GS
AGU MLNX MGA ORCL MCD KBH OPK
AAL X CNX
AH news...AMBA UP 4.29%, ULTA Down 4.88%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong and Dow & S&P 500 made a new closing all time high. Nasdaq rebounded from slump of yesterday. There is a snag in tax passage in last minute, hopefully it will be resolved before its too long. Jobs report is out @ 830 AM, it will confirm interest rate hike for December. Internals were strong. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Added 70% MOMO @ $23.86 in pre market.
Saleem
Hi Saleem,
Good luck with more MOMO!
I tried to sell IP this morning and missed by $0.02, ugh.
Stocktrader
Hi Saleem,
Sold IP @ 55.95
Bought GM @ 42.69
Paper is a tricky business with some costs rising and some product categories declining as we become a more paperless society. The transition to focus on the more profitable areas of packaging is expensive and may depress earnings for a while.
I am more convinced that GM can play a huge role in the driverless society of the future, regardless of the difficult transition it may face in that respect. The stock made a huge run a few months ago and has rested, so I'll try it now and see what happens.
Stocktrader
Hi Stocktrader,
Good luck with GM.....
Saleem
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