Indices closed UP.
S&P 500 @ 2976.00, high 2985.86, low 2960.60
RSI @ 58.01
CMF @ 0.130
Internals were :
UP volume led by 3.00 to 1 in NYSE & 2.99 to 1 in Nasdaq
Advancing stocks were leading by 1.92 to 1 in NYSE & 2.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 206 in NYSE & 53 in Nasdaq
Stocks which were UP 3% or more included BZUN MRVL TWTR
MOMO IQ SQ TSLA NVDA MU LULU NIU CRON TLRY
OLED PANW QRVO YY NTNX FEYE OSTK ULTA X
SWKS IBM CNX.....
AH news...DOCU UP 22.4%, NTGN UP 23.71%
ZUMZ UP 11.23%, LLNW UP 8.00%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong until close. Internals were positive all over. Most sectors participated in this rally except Gold. All Indices closed above 50 DMA which is a very strong signal that this rally is strong enough to test all time highs. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Saleem,
Sold PLAN @ 52.96
Repeated put activity and underperformance during this market run leads me to believe there is still more downside to come.
Stocktrader
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