Indices closed UP.
S&P 500 @ 2784.70, high 2789.88, low 2774.70
RSI @ 70.18
CMF @ 0.398
Internals were ;
UP volume led by 1.56 to 1 in NYSE & 1.20 to 1 in Nasdaq
Advancing stocks led by 1.73 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 80 in Nasdaq
VIX Down 5.78% @ 14.02
Oil @ $56.92
Gold @ $1347.90
Stocks which were UP 1% or more included BZUN HUYA
IQ ESTC AEM GG CRON TLRY CIEN LRCX MRVL
QRVO CHK TK MLNX MGA SINA X......
AH news....HTZ UP 6.73%, CAR UP 9.86%
VIPS Down7.66%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed green but off the highs of the day, Fed minutes gave more insight as to how much Fed officials are worried about US economic growth, thus taking further measures of keeping interest rates in check. RSI @ 70+ calls for caution.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold TWTR @ 30.88
I had to let this go being under both the 50- and 200-DMAs and having no momentum after earnings. I'll continue to watch as I think TWTR's future is bright, either due to company growth or a takeover.
Bought GM @ 39.89
Found a spot! I have been impressed with Mary Barra for years now, and I think all those efforts are finally paying off, putting GM way ahead of the curve versus other legacy automakers. They should continue to be profitable in their core business, especially as world economies trough, and their future ventures look promising. A recent "golden cross" provides technical support.
Stocktrader
Hi Stocktrader,
Good luck with GM.
Saleem
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