Indices showed conviction on flattish trade by GS despite great ER.....
INTC beat consensus & guidance by a wide margin....even margins are showing sequential gains..... AH UP 7.07% on 9.20 million shares ...
AH futures are all lit UP...
IF futures are any indication....then Wed all indices SHOULD be ABOVE 200 & 50 DMA.....I think Art Cashin of UBS will bring his towel to NYSE & announce "his surrender to the TAPE"
VIX closed @ 25.02..ready to hit its 52 week low of 18.64.....
Based on INTC which gave "guidance for a change"based on "clear visibility"...we MAY go over the recent high in S&P 500.....
It IS becoming a stock picker market..gone are the days when all solar moved UP or all Dry shippers were equally strong.....some are down OR some are moving UP more than others.....so pay attention to TAPE......
AH oil is above $60.....
AH Nikkei is UP .4%....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
We got the rally we wanted, right into expiration. Let see if it pulls back next week. Glad I didn't sell GE calls at 12. Its gone right thru that price quickly. Maybe earnings will be good.
Best Regards
STANDARDS
Good morning Saleem
GE ran past $12 --WOW! is this ralley for real? Fast Money --says not and GE will return to $11 according to J Macke! Hmmm
I gotta love today action!
I still got some LVS at $15 and today it is up 12% Giddy UP!
Our shippers are on fire FRO up 7% wow
Make some $$$$$$$$$$$$
Hi Standards,
This rally is for real.....
No need for any defensive move like covered call.....
GE is a $20+ stock......
I am glad you own all your GE shares....
Saleem
Hi C,
Jeff Macke is NOT an expert on anything...his calls are BAD,BAD,BAD.....
Believe what you see $$$$$
Saleem
Catch a rising STAR. Good luck guys.
Victor
Hi Victor,
STAR is looking very good $$$$
Saleem
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