All Indices closed green ahead of jobs report.....TAPE is saying that "Jobs Data is a non-issue" due to weather impact......
So on Friday we MAY have a strong day......
All indices closed @ the HIGHEST point since last correction........time to celebrate?
I like to REINFORCE that it IS a trading market & we MAY get NEAR top of this trading range POSSIBLY by Monday...so be NIMBLE IF you are a trader....DO NOT chase the last $.....EUPHORIA will be set in by Monday...so review your trading goals......
Here is the RSI for major Indices...so you can see my CONCERN going into Monday.....
Dow 57.75
S&P 500 60.35
Nasdaq 64.66
70 RSI is a "sell Zone' based on last 4 month pattern.......
AH MRVL ER was a beat & guide UP...BUT traders were NOT happy with the result...they wanted more.....MRVL down <6.61%> on AH volume of 3.98 million shares in ...
As I have repeated many times...... that Q2 will be weak for Techs based on history....could be a weak Q2 for market also.....
AH SLW ER was in-line stock UP 1.19% on AH volume of 16.4K..cc is @ 11 AM Friday......
AH Futures are UP
AH all Asian markets are UP nicely.....
BLOG does NOT give buy or sell.
Saleem
So on Friday we MAY have a strong day......
All indices closed @ the HIGHEST point since last correction........time to celebrate?
I like to REINFORCE that it IS a trading market & we MAY get NEAR top of this trading range POSSIBLY by Monday...so be NIMBLE IF you are a trader....DO NOT chase the last $.....EUPHORIA will be set in by Monday...so review your trading goals......
Here is the RSI for major Indices...so you can see my CONCERN going into Monday.....
Dow 57.75
S&P 500 60.35
Nasdaq 64.66
70 RSI is a "sell Zone' based on last 4 month pattern.......
AH MRVL ER was a beat & guide UP...BUT traders were NOT happy with the result...they wanted more.....MRVL down <6.61%> on AH volume of 3.98 million shares in ...
As I have repeated many times...... that Q2 will be weak for Techs based on history....could be a weak Q2 for market also.....
AH SLW ER was in-line stock UP 1.19% on AH volume of 16.4K..cc is @ 11 AM Friday......
AH Futures are UP
AH all Asian markets are UP nicely.....
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteYou are so RIGHT market is rocking
Told you that APPLE is going to the moon -- the RSI is dangerouly high and the upper bolinger band is busted-but institutions want in on the ride up!
GS is rocking too!
GNK is $23 finally I am in the green any one buy GNK? BDI is up again
Very best to all
Hi C,
ReplyDeleteI am glad that AAPL,GS,GNK are UP as expected......
Only traders need to worry about RSI.....long term holders have different objective !!!!!
Saleem
SALEEM
ReplyDeletethanks for the reply
I do get the two confused at times
My APWR is sucking wind
will APWR ever go back up?/
thanks
Hi C,
ReplyDeleteAPWR.....like any stock marks time every so often.....
I am holding APWR....it may go against the market when we have a pullback...hopefully.
Sometimes ..you have to imagine stock price few months out.....
Saleem