Indices closed UP.
S&P 500 @ 3316.81, high 3317.11, low 3302.82
RSI @ 74.87
CMF @ 0.216
Internals were :
UP volume led by 2.89 to 1 in NYSE & 3.02 to 1 in Nasdaq
Advancing stocks led by 2.57 to 1 in NYSE & 2.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 554 in NYSE & 364 in Nasdaq
VIX Down .81% @ 12.32
Oil @ $58.82
Gold @ $1550.50
Canadian $ @ .6954
Portfolio 100% Cash
Stocks which were UP 2% or more included AMD BYND LK
QCOM XLNX MU TWTR LSCC MRVL LRCX AAL
SPLK VICR AMAT NTNX MS SWKS.....
AH news....SNCR UP 15.62%, NTRA Down 6.27%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong from open and closed @ high of the day, DOW, S&P 500, Nasdaq IWM all made a new all time highs and closed @ high of the day, a very bullish scenario, only major sector which did not make a new all time high was SOX...maybe Friday. Internals were super strong especially new 52 wk highs, highest I have seen in a long time.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Stocktrader,
Bought SOXS @ $18.93...
Saleem
Hi Saleem,
Good luck with SOXS--it's my only remaining small hedge, but trying to be short anything in this morning seems futile.
I do think, however, that semiconductor activity will not be as robust as predicted, at least yet. It remains to be seen whether the market continues to bid of these stocks in anticipation of the "magical" 5G cycle...
Stocktrader
Post a Comment