Indices closed strongly today on Germany's court decision. Fed beige book was taken as "not bad".
Internals of the market were as follows :
UP volume led by 20.55 to 1 in NYSE & 27.82 to 1 in Nasdaq
Advancing stocks led by 8.67 to 1 in NYSE & 6.03 to 1 in Nasdaq
New 52 wk lows were in the lead still, 15 in NYSE & 26 in Nasdaq
VIX Down 9.78% @ 33.38........
This market is extremely volatile, it is PRUDENT to book profit when you have it.....in "bear market" next trading day cannot be predicted with any accuracy......be extremely fast on trigger in buying or selling....as you all might have noted, that i am adjusting my $ allocation rapidly..as i have "no faith" in current TAPE......
Stocks which were UP 3% or more included APKT,LULU,RIMM,WYNN,LVS,
CNQ,PLCM,SINA,JCP,VMW,SNDK,MPEL,
QCOM,CRM,MA,IBN,V,SU,M,JDSU,CIEN,
FNSR,BAC,C,CRUS,ARUN......
Gold got its periodic correction again...this time it fell from $1923.70 to a low of $1792.80 today..a correction of $130.90 or 6.8%......currently in futures market it is trading @ $1845.30 which means that it is UP $52.50 from today's low or UP 2.93% already ?
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
I am firmly bullish going forward now and these down opens = great opportunity in my eyes. Nice move on AUY--looks like gold is the only "currency" that central banks can't devalue--I noticed that even Sweden wants to devalue their strong currency now...wow.
Stocktrader
hell to all
I got some AMZN again $217.70
BIDU is looking strong today again
the GOLD buy in AUY was just a fantastic piece of timing
how awesome--may make a new hight!!!
Hey, I said take a look at EVEP--it is a rocket
in this market up huge again Busting to new highs
that Utica Shale play is GOOD--I own only 100 shares--do not know if getting some now would be a good decision as it has climbed so much..
What a crazy market
C
Hey c,
Awesome pick on EVEP!! I am playing energy through the Bakken shale (KOG I own, BEXP also good from my research) and coal (ACI).
Stocktrader
Saleem,
I sold everything SNDK, BIDU, MOS, SOHU... for handsome profits. I will wait for the cloud to be clear. If everything is okay, I may add in with higher prices. However, I am feeling good with so much profits in short-term. Thanks for your timing blog. It helped me a lot in those gains.
Michael
Hi Stocktrader,
One has to be optimistic to be in stock market.
Took profit in most stocks & loss in one.
Saleem
Hi C,
Was extremely busy with trading.
It was sell sell sell..then buy buy buy....
Good luck with AMZN.
Saleem
Hi Michael,
Thanks for your appreciative note.
The idea is to make money & we all have to have a plan.
I am glad on your profitable trades....i had to book one loss as it was not working out.
Saleem
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