Indices closed UP.
S&P 500 @ 2651.07, high 2685.44, low 2650.20
RSI @ 42.20
CMF @ 0.041
Internals were :
UP volume led by 2.46 to 1 in NYSE & 2.63 to 1 in Nasdaq
Advancing stocks led by 2.02 to 1 in NYSE & 2.09 to 1 in Nasdaq
Net new 52 wk lows were leading by 119 in NYSE & 176 in Nasdaq
Oil @ $51.15
Gold @ $1250.00
Stocks which were UP 35 or more included BZUN MOMO SQ
FEYE MTCH SHOP LULU ESTC VICR CSIQ EAF NFLX
TWTR YY TK WYNN ABX......
AH news.....VVUS UP 8.48%, LLNW Down 23.68%
AH futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was in overdrive @ open but fizzled by close and closed near low of the day. Although market closed green it lost most of the gain by close which is surprising. Internals were positive @ close.TAPE is giving a clear message that it wants to go higher but some external forces brings it down, today it may be UK uncertainty which has been resolved after close.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
WOW!
https://www.aaii.com/o/sentimentsurvey
Bullish sentiment really is low.
Stocktrader
Hi Stocktrader,
Always IS before start of a major rally!
Saleem
Hi Saleem,
I like GS for a trade/investment here I think.
I bought some short term calls in my trading account. Not sure if I want to add to retirement portfolio because I can't quite gauge the long term potential.
Stocktrader
Hi Saleem,
I think ACIA is probably also a buy here.
It's an amazing chart given the technology weakness, and I think a beat-and-raise quarter is shaping up given all the positivity in the optical sector (see CIEN today).
Stocktrader
Hi Stocktrader,
Good luck with GS.....
ACIA had no luck when I tried once....
Saleem
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