Indices are showing their strength by being UP four straight days.
S&P 500 closed @ their absolute highest point of 1209.11 UP 6.43% since 1136.07
RSI @ 53.11, still looking good.....
Internals of the market were as follows :
UP volume led by 8.06 to 1 in NYSE & 3.95 to 1 in Nasdaq
Advancing stocks were in the lead by 3.26 to 1 in NYSE & 1.98 to 1 in Nasdaq
After telling everyone to WAIT & correction coming, Jimmy the Cramer decided to pretend as if this rally was his prediction...all smiles & telling everyone why this rally happened?
About this rally, we are entering the final stage. Once we are close to 1230, start booking profit or start reducing exposure...I will.
Stocks which were UP 1% or more included AMZN,
MRVL,CNQ,GOOG,VMW,ALTR,BWLD,QCOM,
CRM,IBN,MA,SU,V,M,FNSR,C,BAC,ARUN,CRUS.
AH News :
RIMM down 19.47%
TXN UP 1.34%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hey Saleem,
I noticed the same thing with Cramer...wait, wait, wait, here's the rally I predicted!...what did he just say? I turned off Mad Money in about 30 seconds today.
I too will probably book some profits as early as tomorrow if we get a morning spike? I'm still thinking, but it's probably not worth 100% exposure at S&P 1225+ with event risk still present.
Looking forward to this weekend! :)
Stocktrader
Hi Stocktrader,
Whenever Jimmy the Cramer joins any party.....he calls the interim TOP in stocks & markets....a very reliable contrary indicator.
Need to oveweight Gold stocks as we get to 1230 area.....
Enjoy your weekend with family & friends..we all have earned it.
Saleem
good morning to all
Looks like a very mixed morning-lots of RED
I will book some profit if we get the opportunity too
best to all --it is Friday
C
Hi C,
We may close green again today....Monday could be a strong day also.....
Profit execution needs to be planned......
I am looking @ Monday to lock gains$$$$
Saleem
I gotta share this on APPLE"
http://seekingalpha.com/article/294043-buy-apple-before-iphone-5-launch?source=email_portfolio
My thought here is to get some APPLE before the earning release --you will enjoy a nice pop
APPLE has popped 11 times on earning release time frame......
So get some APPLE--just my .02 cents.
I now have an apple tv it is very good! All I need now is an iPad to have one of all that apple makes. I see $450 soon!
Hi C,
AAPL is a great company & good stock...BUT other stocks have more potential to go UP % & $ wise....
AAPL stock takes too much $ allocation......
Good luck with everything AAPL !!!
Saleem
Hey Saleem,
That is pretty much the only reason I don't also own AAPL despite loving the company/stock. A 10% move in AAPL is huge--a 10% move in other tech stocks can be achieved just on a good tape day...
Stocktrader
S
and stocktrader
Thank you for your comments and support
I only have 85 shares of apple, to much money..
and you and stock trader are totally correct
APPLE at this juncture is a sure thing and to tell the truth I have made $6,000 profit in apple so far.
If I had more conviction I would buy more and holding .. But, atlas I am to scared to hold very long term, I keep selling it...
thanks for your thought full reply. If I am still hold it at $500-that would be a magical moment for me!! ! smile
C
Hi C,
AAPL is headed HIGHER..no doubt about it......$500 in 12 months is attainable.
Saleem
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