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
4 comments:
SALEEM
You 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,
I 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
thanks 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,
APWR.....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
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