Monday, September 19, 2011

Indices closed Down .36% to .98%......

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
at

12 comments:

  1. cSeptember 20, 2011 at 6:15 AM

    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

    ReplyDelete
  2. Stocks100September 20, 2011 at 6:27 AM

    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

    ReplyDelete
  3. stocktrader_1996September 20, 2011 at 7:21 AM

    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

    ReplyDelete
  4. cSeptember 20, 2011 at 7:36 AM

    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

    ReplyDelete
  5. Stocks100September 20, 2011 at 7:50 AM

    Hi Stocktrader,

    I understand what they are saying to you.....they are allowing overlap till settlement.

    Good luck with buy / sell trades.

    Saleem

    ReplyDelete
  6. Stocks100September 20, 2011 at 7:51 AM

    Hi C,

    BIDU is far from breakout....BIDU needs to close ABOVE $149.65....then we go quickly to $155.45

    Saleem

    ReplyDelete
  7. cSeptember 20, 2011 at 9:06 AM

    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

    ReplyDelete
  8. MichaelSeptember 20, 2011 at 9:21 AM

    Saleem,

    I sold AUY @17. It is good trade. Thanks.

    Michael

    ReplyDelete
  9. Stocks100September 20, 2011 at 9:26 AM

    Hi Michael,

    Booking profit IS a good idea in this UP ? DOWN market....

    Saleem

    ReplyDelete
  10. Stocks100September 20, 2011 at 9:32 AM

    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

    ReplyDelete
  11. cSeptember 20, 2011 at 10:13 AM

    S

    APPLE RSI is $72
    Hos much higher can this go?

    BIDU got taken to the wood shed
    C

    ReplyDelete
  12. Stocks100September 20, 2011 at 10:27 AM

    Hi C,

    AAPL RSI can go to 80...then sell.

    YES...BIDU had a $8 turn ???

    Saleem

    ReplyDelete