Monday, October 24, 2011

Indices closed UP .89% to 2.35%......NICE !!!!!

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
at

10 comments:

  1. cOctober 25, 2011 at 5:40 AM

    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

    ReplyDelete
  2. Stocks100October 25, 2011 at 6:23 AM

    Hi C,

    RED is GOOD !!!!

    Saleem

    ReplyDelete
  3. cOctober 25, 2011 at 6:56 AM

    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

    ReplyDelete
  4. Stocks100October 25, 2011 at 7:06 AM

    Hi C,

    Sometimes one has to take bad with good......

    Saleem

    ReplyDelete
  5. cOctober 25, 2011 at 8:36 AM

    SALEEM

    Do ya think we will lower??

    Seems to be holding here

    thanks

    ReplyDelete
  6. Stocks100October 25, 2011 at 8:47 AM

    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

    ReplyDelete
  7. cOctober 25, 2011 at 9:16 AM

    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

    ReplyDelete
  8. Stocks100October 25, 2011 at 9:18 AM

    Hi C,

    All traders including ME has the same problem...only HFT controls the market with their BILLIONS.

    Saleem

    ReplyDelete
  9. MichaelOctober 25, 2011 at 9:45 AM

    Saleem,

    I think we may see near low of the day close. Do you plan to close your short at the close? Thanks.

    Michael

    ReplyDelete
  10. Stocks100October 25, 2011 at 10:01 AM

    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

    ReplyDelete