Indices fought its way back from support area......
TAPE is pointing to buying near support...
Internals were negative 3 to 1
New 52 wk lows were in lead
Oil closed @ $85.70
Gold closed @ $1778.90
VIX closed @ 32.73
Stocks which made 52 wk high included AMZN,AAPL,SBUX,CMG....this is pretty significant
that different sectors are making new highs, most of them all time highs...when TAPE was negative.
AH Italy got downgraded by S&P..which will test support of this market AGAIN
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
12 comments:
S
APPLE is up a whopping $K for me
On 88 shares
I still say get some
Yes it is way expensive!
On slow money they stated that APPLE is KING and a target of $500 not bad
I am hoping that BIDU takes off like AMAZON did!
Still like BMY
Best to all
C
Hi C,
I am happy for you with AAPL$$$$
Nothing is expensive IF it is going UP.....
BIDU has been a big let down so far...BUT you never know when it will FLY.....
Saleem
Hey Saleem,
I got my 3-day funds restriction lifted as long as I don't sell a stock that still has unsettled funds used for purchase--complicated but basically gives me a little more flexibility to instantly sell then buy as long as I hold the new position through the old position's sell settlement date.
Given this, I was able to use my Friday sell funds to take a position in TK today near the lows. I'll see how this works out.
Now we're waiting for the Fed and although I don't see much positive they can say, I really am not interested in selling any of my good stocks. VMW intiation of $120-$135 valuation and down today? especially with RHT later this week? Confusing market...:)
Sitting back and relaxing,
Stocktrader
S
BIDU
break out is happening IMHO
Hold or sell??
AUY is alos very happy today
SBUX is a rocking as is my BMY
Best to all
Hi Stocktrader,
I understand what they are saying to you.....they are allowing overlap till settlement.
Good luck with buy / sell trades.
Saleem
Hi C,
BIDU is far from breakout....BIDU needs to close ABOVE $149.65....then we go quickly to $155.45
Saleem
S
thanks for take on BIDU
AUY is still a hold??
My BMT is rocking
Stocktrader
Shippers are to risky for me
FRO and SFL are in the tank --they will NOT reward till global economy takes off
to many ships
Best to all
Saleem,
I sold AUY @17. It is good trade. Thanks.
Michael
Hi Michael,
Booking profit IS a good idea in this UP ? DOWN market....
Saleem
Hi C,
Fed minutes & decision on Wed 2.15 PM will be inflationary thus gold will benefit....
Gold stocks are on the move...where you exit is based on your comfort level.....
Saleem
S
APPLE RSI is $72
Hos much higher can this go?
BIDU got taken to the wood shed
C
Hi C,
AAPL RSI can go to 80...then sell.
YES...BIDU had a $8 turn ???
Saleem
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