Not only we closed near high of the day but also well above 50 DMA in all indices.This is a very significant technical action in a decisive manner, it will be wise to ignore bad technicians coming on CNBC even tonight.
Internals of the market were as follows :
UP volume led by 23.05 to 1 in NYSE & 9.92 to 1 in Nasdaq
Advancing stocks led by 10.92 to 1 in NYSE & 5.28 to 1 in Nasdaq
VIX closed Down 8.78% @ 33.02
Oil closed UP @ $85.41
Gold closed UP @ $1670.80
S&P 500 closed @ 1194.89, RSI @ 55.09..which is HIGHER than recent peak....looks like 60++ may be in the cards....
Indices were UP 2.97% to 3.50%....strong UP day.
Stocks which were UP 4% or more included CNQ,CSIQ,FCX,LULU,MOS,
TCK,FAS,SNDK,BIDU,SINA,NTES,GOOG,WYNN,LVS,POT,ULTA,CMG,AAPL,MPEL,GNK,AGU,MA,JKS,BWLD,JDSU,C,BAC.....
AH Futures Mixed
AH Asian Markets UP
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
12 comments:
Market is mixed in Pre market
Saleem
How are ya?/
I am well
Looking for APPLE to break $400 today!
My buy in CHK was pre mature
Stay well my friend
C
Hi C,
Doing well on the health front.
Market waiting for vote in Slovakia...16 more to come ?
AAPL looking good AGAIN $$$$$
Saleem
SALEEM
I bought one option at $355 --deep in money call
I did not have enough $$$$ to buy 100 shares.
I am up $500 so far
I am thrilled that your health is GREAT
I go for another cancer check up soon!
GNK is delivering again $$$$
c
Hi C,
AAPL looks strong, so option should do even better for you..when does it expire?
Good luck with your checkup.
Saleem
Saleem
Apple call at $355 expires on :
AAPL 355.00 NOV 11 C 1 49.75 +7.75 4,975.00 +775.00.
Not to shabby
This is the first time for me to use a call!
Thanks for your well wishes
AAPL looks very good, guess it is what we call pre earning run up. Stocks all overbought atm, but still keep going up without resting. Just telling us people wanted to get in
Hi C,
You should hold this call until new all time highs...$420 is a given imho
Saleem
Hey c,
Those AAPL 4S sales were incredible--the run is well-deserved. As their user base grows, their initial sales numbers grow more impressive! AAPL is currently the "market leader"--moves first and fastest to the upside. As long as it holds that position, you should hold that call, especially as it is deep in the money. Wait for 3 days of underperformance to sell in my opinion.
GNK has been an absolute monster--even I'm surprised.
Best health wishes for everyone!
Stocktrader
Saleem,
Cramer said 2008 is dead, long live 2011. Good luck to your portfolio. market is looking good. Thanks for your advise. I am still holding and counting $$$$.
Michael
Hi Michael,
Market is looking "very strong"
Do not sell anything too early..
I am holding everything & may add more......
Keep an eye on "growing$$$$"
Saleem
Stocktrader
GNK has a target of $20--Cool
By Stockcharts
POT is a Hot potato too. Upgraded!!! out perform..
I almost got some
Any guess as to green red close???
I vote Green
Hoorah
C
Hey c,
Thanks for the info on GNK--let's see if I can keep it until $20 :).
As for the market today, it would not surprise me to see it up 80+ pts by close as the NASDAQ/small caps are leading again. After a strong Monday/Tuesday, Wednesdays tend to be "trend pause" days I've noticed. I might sell off my AGU and ACI if we rally into close as a trade try for that Wednesday play.
Stocktrader
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