Indices closed UP .43% to .69%....NICE !!!!

Oil was lower and indices were higher not a coincidence any more, market is trading on its own buying momentum. Indices closed near high of the day and is @ highest point of 2016, can real Carter Worth speak up?

S&P 500 @ 2049.58, high 2052.36, low 2041.16

RSI @ 69.17

CMF @ 0.368

Internals were :

UP volume led by 1.41 to 1 in NYSE & 2.28 to 1 in Nasdaq

Advancing stocks led by 1.57 to 1 in NYSE & 1.83 to 1 in Nasdaq

Net new 52 wk highs were leading by 152 in NYSE & 47 in Nasdaq

VIX Down 2.91% @ 14.02

Oil @ $39.44

Gold @ $1254.32

Canadian $ @ .7018 US$ 

Stocks which were UP 1% or more included BIDU QRVO FEYE
CTRP PANW NXPI SPLK LNKD NFLX TSLA YHOO WB
DNKN FFIV BABA CRUS MU AMCC CIEN AMBA
AAL M UA DATA CSOD ORCL MS ZG  WYNN
GS MLNX......

In my portfolio :

Sold FEYE @ $18.34

Bought NTES @ $147.20

Bought ABX @ $14.69, seconds before closing....

Here is my weighting :

BIDU   15.93%

CMG   15.45%

NTES  12.53%

QRVO 10.31%

JKS      7.97%

ABX    7.50%

TWTR  7.13%

V         6.25%

SBUX 6.07%

JCP    5.89%

MSFT 4.97%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed