Thursday, October 13, 2011

Mixed close today, despite weak Chinese data.....

Indices behaved much better than feared, by close all indices closed near best level of the day. Nasdaq closed green.

Internals were mixed.

S&P 500 low today was 1190.58, closed @ 1203.66

RSI @ 56.35

Today's TAPE showed resiliency, despite weak trade data from China.

Stocks which were UP 2% or more included CSIQ,
SNDK,JKS,QCOM,SINA,NFLX,GNK....

AH GOOG ER was a beat, stock UP 6.37%

Chinese inflation data just released were as follows :

-CPI came in lower as expected @ 6.1% lower than 6.2% for previous month.

-PPI came in well below expectations of 6.8%, actual 6.5% ......a positive surprise by .3% previous month was 7.3%...a major improvement from last month.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem
at

12 comments:

  1. cOctober 14, 2011 at 5:37 AM

    Saleem

    Good Day sir

    Looking mighty green today!!

    BIDU is rocking

    Best to all
    C

    ReplyDelete
  2. Stocks100October 14, 2011 at 6:13 AM

    Hi C,

    YES..it is a great day$$$$

    Saleem

    ReplyDelete
  3. cOctober 14, 2011 at 6:44 AM

    SALEEM

    Tech is hot
    I sold INTL was to soon

    BIDU is up sharply

    My bet on FORD is v happy

    Good Pick on FCX $$$$$$

    MY recommendation on TOT is paying off up 4 bucks since I recommended it.
    I got it at $63 and have help since last year! Accidental high yielder.

    regards

    ReplyDelete
  4. Stocks100October 14, 2011 at 6:47 AM

    Hi C,

    Added JCP...

    Saleem

    ReplyDelete
  5. cOctober 14, 2011 at 7:04 AM

    S

    JC penny
    WOW
    Cramer had good thinks to say about it

    I do not follow retailers at all

    Up .37 cents !! good for you
    looking like a beautiful day

    ReplyDelete
  6. Stocks100October 14, 2011 at 7:16 AM

    Hi C,

    JCP has a very interesting CEO..he used to be Chief of Marketing for AAPL until few months ago....

    He created AAPL store concept...

    Management is very important in any turnaround, as is the case with JCP....

    Saleem

    ReplyDelete
  7. stocktrader_1996October 14, 2011 at 8:11 AM

    Hey Saleem,

    I'm continuing to add beta--sold the rest of my AGU and bought some more KOG and WWWW.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996October 14, 2011 at 8:19 AM

    Hey Saleem,

    I'm also thinking about starting a position in MS (haven't figured out what I would want to sell though). It seems to me a lot of their businesses have bottomed like capital markets and asset management, and they are dirt cheap currently.

    Stocktrader

    ReplyDelete
  9. Stocks100October 14, 2011 at 8:36 AM

    Hi Stocktrader,

    MS is a very interesting bet.

    It is oversold & beaten down.

    Good luck with your switch.

    Saleem

    ReplyDelete
  10. cOctober 14, 2011 at 9:16 AM

    Stocktrader

    Hello
    I like the contrary view of MS

    A good bet imho

    Good luck on it
    have a great weekend
    C

    ReplyDelete
  11. cOctober 14, 2011 at 1:02 PM

    Hello all

    WOW smashing close

    Way up
    a big surprise for us.....

    APPLE had a great run---more to come?

    Best to all
    C

    ReplyDelete
  12. stocktrader_1996October 14, 2011 at 1:07 PM

    Hey c,

    Great run--the bull is alive! It will be interesting to hear more of the earnings reports next week.

    Have a great weekend everyone! :)

    Stocktrader

    ReplyDelete