Monday, 19 December 2016

Indices closed UP .20% to .37%....NICE !!!!

Indices closed UP.

S&P 500 @ 2262.53, high 2267.47, low 2258.21

RSI @ 68.62

CMF @ 0.065

Internals were :

UP volume led by 1.18 to 1 in NYSE & 1.70 to 1 in Nasdaq

Advancing stocks led by 1.66 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk highs were leading by 89 in NYSE & 115 in Nasdaq

VIX Down 4.02% @ 11.71

Oil @ $52.12

Gold @ $1142.70

Stocks which were UP 1% or more included AMD
CHK PI NVDA AMZN NTES VRX OLED
QRVO MSFT CSIQ CIEN NFLX SWIR
AEM AAL LRCX.....

AH ER ...NPTN Down 19.06%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE continues to slowly grind higher, oil & commodities stocks are taking a breather, Chinese stocks were lower again. Rotation are more pronounced now than before, Technology is behaving much better and look stable. A balanced approach may be better to stay ahead. Try to prune out non performing stocks before Next Tuesday deadline for 2016.

BLOG does NOT give buy or sell.

Saleem

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