Indices closed down.
S&P 500 @ 2679.25, low 2676.11, high 2691.01
RSI @ 69.40
CMF @ -.0068
Internals were :
UP volume led by 1.19 to 1 in NYSE & 1.27 to 1 in Nasdaq
Advancing stocks led by 1.01 to 1 in NYSE & 1.01 to 1 in Nasdaq
( not a typo )
Net new 52 wk highs were leading by 120 in NYSE & 74 in Nasdaq
VIX Down 3.09% @ 9.72
Oil @ $58.09
Gold @ $1269.60
Stocks which were UP 1% or more included MU CNQ GG ABX
TECK FCX KGC LEN CHK RIG CIEN TRIL WYNN MLNX
AEM SWKS OPK X LRCX.....
AH news...BBBY Down 4.76%, PCG Down 9.53%
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was weak by close by closing near low of the day, tax passage was baked into market and it became " soft sell the news " ...Internals were slightly positive. CMF has turned negative in all 3 major indices, this means there was profit taking during rallies. How we close is always important, two days it has been strong rally @ open and fade by close.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Sold WB @ $109.48
Saleem
Hi Saleem,
Good luck with your next pick--it is actually a bit tricky to pick winners right now. My portfolio is grinding higher, but is hard to predict day-to-day or stock-to-stock.
Stocktrader
Hi Stocktrader,
Now...we have entered a difficult phase in picking stocks or big winners....it is a singles market now....
Saleem
Post a Comment