Indices closed UP.
S&P 500 @ 2731.20, high 2731.51, low 2689.82
RSI @ 50.94
CMF @ 0.082
Internals were :
UP volume led by 2.66 to 1 in NYSE & 2.98 to 1 in Nasdaq
Advancing stocks led by 2.27 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & 29 in Nasdaq
VIX Down .67% @ 19.13
Oil @ $61.34
Gold @ $1355.30
Stocks which were UP 2% or more included CTRP NVDA SQ
AAPL BIDU DNKN EXPE AMAT GG JKS MRVL MSFT
NFLX PCLN TSLA TWLO CHK TRIP ORCL OSTK
SPLK KORS TNA M......
AH news...SNCR UP 24.73%, TRUE Down 6.13%
PI Down 10.65%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE closed @ absolute high of the day, a strong technical picture, Dow , S&P 500 and Nasdaq all closed above 50 DMA, another sign that technical picture is very healthy. All internals are positive @ close. It will be another milestone IF we close UP on Friday as it will be 6 days in a row of positive close. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Bought SPLK @ 95.07
One of my favorite picks running away in the last few days. I stepped in on this minor morning pullback.
Stocktrader
Hi Saleem and stocktrader,
Sold half of TNA @ 69.50. I have to take a loss despite its run. GL
Joseph
Hi Joseph,
It's been a great run off the bottom!
I think the market still looks healthy here and I regret selling my TNA so early. I find myself working the hard parts of tops and bottoms pretty well, but miss the easy middle parts. It's definitely something for me to work on.
Stocktrader
Hi Stocktrader,
Good luck with SPLK.
Saleem
Hi Joseph,
Working through trades gives all of us a system which works eventually.
Good luck with your portfolio.
Saleem
Hi Saleem,
Bought a smallish position in CHK @ 2.82
Looking for an energy bounce and maybe short squeeze.
Their commentary last week about production, cost cutting, and debt deleveraging seems to line up with a company on the right track.
Stocktrader
Hi Stocktrader,
Good luck with CHK....
Saleem
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