Monday 16 June 2014

Indices closed UP .03% to .24%....NICE !!!!

Indices ignored Iraq & went on to close green.


S&P 500 @ 1937.78, high 1941.15, low 1930.91


RSI @ 62.02


CMF @ 0.513


Internals were :


UP volume led by .95 to 1 in NYSE & 1.48 to 1 in Nasdaq


Advancing stocks led by 1.04 to 1 in NYSE & 1.13 to 1 in Nasdaq


Net new 52 wk highs were leading by 141 in NYSE & 54 in Nasdaq


VIX UP 3.86% @ 12.65, high 12.87


Oil @ $106.90


Gold @ $1275.30


Stocks which were UP 1% or more included LULU SWIR

MU TWTR LEN TSL JKS CSIQ SPWR FSLR SU

TSLA PCLN AAPL INVN GTAT BSFT HIMX

CRUS LRCX SNDK PANW SPLK SLW

DATA CSOD....


AH Futures UP


AH Asian Markets Mixed


AH Oil & Gold Down


About market, TAPE acted in a predictable manner, when there is too much fear & pessimism market turns UP. TAPE should build from here with anticipation of positive effect from Fed meeting & Q & A on Wednesday. Conviction is paying off & staying the course is working. Russell is marching ahead with major moves.


BLOG does NOT give buy or sell.


Saleem

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