Indices closed higher.
S&P 500 @ 2933.68, high 2936.31, low 2908.53
RSI @ 73.03
CMF @ 0.373
Internals were :
UP volume led by 2.79 to 1 in NYSE & 3.05 to 1 in Nasdaq
Advancing stocks led by 2.91 to 1 in NYSE & 2.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 175 in NYSE & 50 in Nasdaq
VIX Down 1.13% @ 12.28
Oil @ $66.30
Gold @ $1273.20
Stocks which closed UP 2% or more included BZUN ESTC TWTR
LULU MOMO BIDU NIU ROKU PHM SPLK VICR FSLR CIEN
CSIQ OLED ALDR CHK YELP WYNN TRIP KBH CNX....
AH news...EBAY UP 4.85%, TER UP 8.23%
IRBT Down 14.8%, TXN Down 1.69%
In my portfolio :
Sold AMD @ $27.97%
Sold TWTR @ $39.70
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE opened positive and closed @ high of the day. Good earnings report prior to open was the trigger for this strong move. S&P 500 & Nasdaq closed@ highest level ever, a very good sign for the direction of this TAPE.I booked profit, because I felt market is extremely overbought and next set of key earnings may not be greeted with same enthusiasm.
BLOG does not give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold GNLN @ 20.15
This was a try that didn't work out due to new developments in the industry that happened right as the IPO started trading. As we sit near all time highs, I think it's more important to be in companies in which I have greater confidence.
I might make a few more moves today.
Stocktrader
Hi Stocktrader,
Good luck for your next few trade for the day
Saleem
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