Indices closed UP .60% to 1.01%. This is the third time we have closed green in a row. Nasdaq was the strongest.
Internals were strong.
Stocks which closed UP 1% or more included APKT, SCSS,BWLD,CRM,
JKS,JDSU,FNSR,CIEN,JASO,SOL,LSCC,IGTE,CMG,AMZN,MU,SNDK...
RSI in Indices are as follows :
S& P 500 60.83
Dow 63.78
Nasdaq 64.16
AH ER were greeted as follows :
MCP <5.79%>
STEC <12.41%
DIS <2.35%>
ROVI +12.92%
AH Futures Mixed
AH Asian markets Mixed
AH Gold & Silver UP
AH Oil Down
China is reporting higher than expected inflation 5.3% vs 5.2% expectations..
Chinese Industrial output is lower than expected 13.4% vs 14.7% expectations..
How US market reacts is to be seen, BUT any weakness to be bought...not much reaction so far !!!!
BLOG does NOT give buy or sell.
Saleem
9 comments:
S
SINA is green in pre market
My FCX seems to be a dud
No clue if copper if a mover or NOT
Your buy of APKT is spot on! I may buy some if it dips
have a great day
Hi C,
APKT is a great trading stock..the best these days......dips comes back up..daily....
FCX i have not followed..but gold & copper stocks are dud these days.
Saleem
Saleem,
How do you deal with the wash sale rules?
Victor
Hi Victor,
I never violate that rule....i wait 30 days before i buy.
The only other way is to buy similar type of stock...or go for options if one must rebuy....
Saleem
Saleem,
Enter SINA at 116.75 as earning play. Double down on RENN at 13.51
Michael
Hi Michael,
SINA TAPE today is a surprise for me ......hopefully ER should reverse it.
RENN is extremely weak & does not look good.
Saleem
Michael
Go Michael
SINA and RENN on a down -red day all right
I would think that SINA and BIDU would do well
Not so sure with RENN! I did get some APKT--it is up and down so fast...
Good luck to all
Hi C,
Good luck with APKT !!!!
Saleem
SALEEM
I got some more APKT
I is on sale
SINA is so darn bad
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