Indices closed UP.
S&P 500 @ 2815.44, high 2819.71, low 2798.77
RSI @ 56.27
CMF @ 0.080
Internals were :
UP volume led by 2.01 to 1 in NYSE & 1.94 to 1 in Nasdaq
Advancing stocks led by 1.95 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 141 in NYSE & 14 in Nasdaq
VIX Down 4,75% @ 14.43
Oil @ $59.30
Gold @ $1289.80
Stocks which were UP 3% or more included BZUN
LULU HUYA ROKU CRON EAF JKS SPWR....
AH news....PRGS UP 26.3%, VJET UP 20.45%
PVTL Down 3.42$, SGH Down 17.05%
AH Futures UP
AH asian Markets UP
AH Oil & Gold UP
About market, TAPE hesitated after open but managed to find footing to close near high of the day. Internals were positive all over. There is a very good chance that we may have back to back UP days to confirm this new uptrend by Friday close. There is only a closing BLOG on Fridays around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteSold KRYS @ 30.80 to take profits
Wow, 50% move in a few weeks--I'll take the gain and look for something else.
Stocktrader
Hi Saleem,
ReplyDeleteBought LITE @ 55.91
A positive analyst note, a chart breakout, and cheap valuation for some forward looking technologies makes me interested here.
Stocktrader
Hi Saleem,
ReplyDeleteAdded a little to SAIL @ 28.35
Besides liking the business, I think they are a prime takeover candidate right now for a big player looking to expand its services.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with LITE and more SAIL.
Saleem