Indices closed UP.
S&P 500 @ 2716.94, high 2724.22, low 2710.05
RSI @ 46.64
CMF @ -0.081
Internals were :
Down volume led by 1.17 to 1 in NYSE & 1.27 to 1 in Nasdaq
Declining stocks led by 1.28 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 105 in NYSE & 12 in Nasdaq
VIX Down 4.31% @ 18.20
Oil @ $63.40
Gold @ $1311.90
AH news...CRM Down 2.29%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE although closed green does not tell the whole story, internals were negative all over. Facebook story is far from over, it is being investigated by US, UK and Canada for violation of privacy policies, this may impact its profitability in the short term. Tomorrow @ 2 PM is new Fed chief first appearance on world scene in terms of policy matters. There is a consensus that new Fed chief will not rock this market, i think otherwise.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold HCLP @ 12.00
The weakest chart of any in the portfolio, I'm using this pop to sell.
Bought APPN @ 27.20
A speculative buy based on the MULE takeover, the chart seems like it could really run if things go well.
Stocktrader
Hi Saleem,
Sold X @ 39.29
I am worried about peak earnings power this year and so took this opportunity to sell. It may be something to revisit if economic activity improves further.
Stocktrader
Hi Stocktrader,
Good luck with APPN.
Saleem
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