Wednesday, December 27, 2017

Indices closed UP .04% to .11%....NICE !!!!


Indices closed UP.

S&P 500 @ 2682.62, high 2685.64, low 2678.91

RSI @ 68.79

CMF @ -0.097

Internals were :

UP volume led by .87 to 1 in NYSE & 1.45 to 1 in Nasdaq

Advancing stocks led by 1.24 to 1 in NYSE & 1.04 to 1 in Nasdaq

Net new 52 wk highs were leading by 121 in NYSE & 85 in Nasdaq

VIX UP 2.15% @ 10.47

Oil @ $59.64

Gold @ $1291.40

Stocks which were UP 1% or more included MOMO SQ
BZUN OLED SPWR TECK UA LVS JKS QRVO SU
MARA CSIQ FSLR AGU.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE showed its resiliency by fighting negativity and closed UP. AAPL sales related issues were mostly ignored by this TAPE and it closed UP. This type of contrary close is very encouraging. The only negative is CMF which has gone negative in 3 major indices, but this TAPE is very robust and can ignore some of the technicals on a routine basis.

BLOG does NOT give buy or sell.

Saleem

1 comment:

Stocks100 said...


Hi Stocktrader,

Bought a tiny speculative position in MARA @ $4.38

Saleem