CLOSING RAMP
Markets closed at/near the highs of the afternoon after sinking near mid day. The DJIA +96. NAZ +23 and SPX +17. And the RUT was the best major index of the day higher by 2.36% and is now better on the year then the SPX although trailing the DJIA.
Strongest sectors- internets, semis, airlines, China, reits/real estate, oils and utils while metals, telecom, retail and drugs lagged.
Key stocks- 28 /40 higher- leaders- ISRG NVDA SMH CELG KLAC BG C UA GS MER- losers- GOOG MSFT BIDU AMZN ICE MS GRMN RIMM AAPL;
NYSE- 1,800 net winners;
NAZ- 1,000 net winners;
NDX-73 GREEN;
OEX-85 GREEN;
IBD 100- 80 GREEN;
VIX - down by about 8% and trading under the 90% of 10 SMA level;
Up vol- 6X Down vol;
TRIN- .70;
Markets ramped in the afternoon after the midday weakness was bought. The internals and the financials were the clue that this markets was going higher in the afternoon. Usually, the internals don't lie and if they stay strong while the markets sell off - its usually a high percentage trade to buy.
Super bowl sunday- actually I don't like either team so maybe they can both lose, although not likely.
Strongest sectors- internets, semis, airlines, China, reits/real estate, oils and utils while metals, telecom, retail and drugs lagged.
Key stocks- 28 /40 higher- leaders- ISRG NVDA SMH CELG KLAC BG C UA GS MER- losers- GOOG MSFT BIDU AMZN ICE MS GRMN RIMM AAPL;
NYSE- 1,800 net winners;
NAZ- 1,000 net winners;
NDX-73 GREEN;
OEX-85 GREEN;
IBD 100- 80 GREEN;
VIX - down by about 8% and trading under the 90% of 10 SMA level;
Up vol- 6X Down vol;
TRIN- .70;
Markets ramped in the afternoon after the midday weakness was bought. The internals and the financials were the clue that this markets was going higher in the afternoon. Usually, the internals don't lie and if they stay strong while the markets sell off - its usually a high percentage trade to buy.
Super bowl sunday- actually I don't like either team so maybe they can both lose, although not likely.
posted by DAVID at
4:01 PM
2 Comments:
Hi David,
Can you explain more about the internal of the market you are looking at. Appreciate.
Brandon- That is the winners less the losers- today on the NYSE 2,485 WINNERS and 668 losers- 1,817 NET WINNERS- VERY STRONG-
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