Indices closed UP.
S&P 500 @ 2993.07, high 3002.98, low 2984.62
RSI @ 67.40
CMF @ 0.060
Internals were :
UP volume led by 1.72 to 1 in NYSE & 1.72 to 1 in Nasdaq
Advancing stocks led by 1.92 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 341 in NYSE & 110 in Nasdaq
VIX Down 7.52% @ 13.03
Oil @ $60.43
Gold @ $1412.50
Stocks which were UP 1% or more included AMD TSLA
GLD MU FB AMZN NVDA MTCH FEYE AAL PHM
TLRY GOOG MRVL AMAT CHK TK RIG FEYE
OSTK MSFT TSM.....
AH news....EXFO Down 10.26%, PSMT Down 8.98%
AMKR UP 7.12%, PDLI UP 5.59%
AH Futures UP
AH Asian Market Mixed
AH Oil & Gold UP
About market, TAPE closed UP and in new record all time highs in S&P 500 and Nasdaq, DOW also made a new Intraday all time high. Fed chief testimony was market friendly thus vaulted into new record high. Internals were positive. All major Indices are heading into series of new all time highs.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold HUYA @ 23.68 on a failed breakout
Bought PS @ 31.33
Online education continues to be a priority for companies, exemplified by the announcement from Amazon today. Short interest is high which could provide a boost in a breakout scenario.
Stocktrader
Hi Stocktrader,
Good luck with PS.
Saleem
Hi Saleem,
Sold QURE @ 69.51 on relative weakness
I should have taken profits much earlier but kept holding out for the buyout that was rumored. I think with renewed pressure on drug companies, it probably makes a buyout even less likely now.
Stocktrader
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