Tuesday, December 5, 2017

Indices closed down .19% to .45%.....

Indices closed down.

S&P 500 @ 2629.57, low 2627.73, high 2648.72

RSI @ 64.96

CMF @ 0.164

Internals were :

Down volume led by 2.77 to 1 in NYSE & 1.29 to 1 in Nasdaq

Declining stocks led by 1.80 to 1 in NYSE & 1.83 to 1 in Nasdaq

Net new 52 wk highs were leading by 47 in NYSE & 11 in Nasdaq

VIX Down 3.00% @ 11.33

Oil @ $57.62

Gold @ $1264.90

Stocks which were UP 1% or more included BZUN
VRX SQ JD SNAP SPWR FSLR JKS CSIQ MU
TWTR V MA EBAY DATA MCD ULTA 
KORS.....

In my portfolio AH....

Sold AMD @ $9.96

Bought WB @ $100.45

AH news....PLAY UP 8.91%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under mild selling after huge run in Dow & S&P 500, pullback was pretty mild in this super strong bull market. Internals were mostly negative. Nasdaq stocks bucked negativity for the most part. Looks like we are ready to rally again and make series of new highs in Nasdaq which was lagging badly.

BLOG does NOT give buy or sell.

Saleem

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