Indices celebrated Chinese data with enthusiasm. China was NEVER @ risk for "hard landing" but HFT decided that today was the day to announce that.
Indices were UP nicely & gave many traders another chance to lock unusually high profit.
Market was in a euphoric mood today.
S&P 500 has gone UP 16.69% in an extremely short period of time, a rare occurrence in Wall & Broad.......
RSI closed @ 62.67
Internals were as follows :
UP volume led by 6.93 to 1 in NYSE & 15.73 to 1 in Nasdaq
Advancing stocks led by 4.88 to 1 in NYSE & 4.36 to 1 in Nasdaq
New 52 wk highs were in the lead, 76 in NYSE & 57 in Nasdaq
VIX down 6.58% @ 29.26
Oil Closed @ $91.27
Gold Closed @ $1652.30
AH ER were greeted as follows :
NFLX Down 27.58%
TXN Down 1.55%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
10 comments:
GOOD morning to all
The market is looking like it may be red
that is good for our shorts
UP
How many shares of APPLE did you buy for this APPLE quarter
I am still holding 83 shares at $373!
the very best to all
Hi C,
RED is GOOD !!!!
Saleem
SALEEM
market sure is unsteady DD is way green!
Netflex is a rocka and MMM which I own had lousy earning report--yuk
Looking for more green again! Nothing new from Europe
MCD is holding strong today...
C
Hi C,
Sometimes one has to take bad with good......
Saleem
SALEEM
Do ya think we will lower??
Seems to be holding here
thanks
Hi C,
I expect market to close near low of the day....
Market fools most of the traders all the time....looks strong goes weak..looks weak goes strong...take your pick?
Saleem
SALEEM
the market always plays me the fool!
SMILE
I was looking to buy but all the stocks that I like have moved up from the lows!
Good Luck to all
C
Hi C,
All traders including ME has the same problem...only HFT controls the market with their BILLIONS.
Saleem
Saleem,
I think we may see near low of the day close. Do you plan to close your short at the close? Thanks.
Michael
Hi Michael,
YES..i will close all my shorts near close....
BUT...will short again mid-morning or earlier depending on the reaction to Europe deal....
It is all about Risk management...
In my opinion market is frothy..thus short can be profitable.....
Saleem
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