Indices closed down
S&P 500 @ 2879.84, low 2874.68, high 2888.57
RSI @ 56.77
CMF @ -0.50
Internals were :
Down volume led by 1.53 to 1 in NYSE & 1.05 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 60 in Nasdaq
VIX Down .50% @ 15.91
Oil @ $51.14
Gold $1336.80
AH news....RH UP 25.56%, ACRS UP 11.83%
LULU UP 5.34%, SVRA Down 71.62%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed down for 2 day's in a row, negative action was quite mild which shows resilience of this market. Looks like this mini adjustment may be done for now. Hopefully concern about semiconductor growth this year and memory pricing has been discounted.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi stocktrader,
Bought AMD @ $31.70.
Saleem
Hi Saleem,
Bought DAL @ 56.53
With fares increasing and costs decreasing, airlines could be poised for a nice run. DAL is always my favorite of the group even though it's not quite as levered to lower fuel prices.
Stocktrader
Hi Saleem,
Good luck with AMD--the leadership they are exhibiting over there is incredible!
Stocktrader
Hi Stocktrader,
Whenever I travel, DAL gives me the-best price for my destination....
Good luck!
Saleem
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