Monday, 13 February 2017

Indices closed UP .52% to .70%....NICE !!!!

Indices closed up.

S&P 500 @ 2329.12, high 2331.58, low 2321.42

RSI @ 72.95

CMF @ 0.300

Internals were :

UP volume led by 2.14 to 1 in NYSE & 1.76 to 1 in Nasdaq

Advancing stocks led by 1.51 to 1 in NYSE & 1.39 to 1 in Nasdaq

Net new 52 wk highs were leading by 269 in NYSE & 274 in Nasdaq

VIX UP 2.03% @ 11.07

Oil @ $52.93

Gold @ $1225.80

Stocks which were UP 1% or more included FCX OCLR TECK
AKS NTES BAC FNSR CIEN C AMZN OLED TWTR JKS
CSIQ FSLR MSFT TSLA TK FEYE WB CTRP GS MS
SWIR AAL X M....

AH ER....CSOD UP 3.85%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE is strong and buying momentum continues. All major indices were in new all time high, a sign of confidence in this market. Stay in this market for maximum gains. Taking profit is OK and buying undervalued good stock is a good strategy. Stay diversified but keep an eye on gains in your portfolio.

BLOG does NOT give buy or sell.

Saleem

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