Tuesday, January 31, 2012

Another impressive close.......

Indices were UP, then Down & finally closing mixed.

Nasdaq was the sole winner today.

S&P 500 has a much talked about "golden cross" @ close today.

Internals were positive as listed :

UP volume led by 1.06 to 1 in NYSE & 1.09 to 1 in Nasdaq

Advancing stocks led by 1.41 to 1 in NYSE & 1.14 to 1 in Nasdaq

New 52 wk highs were in the lead, 191 in NYSE & 72 in Nasdaq

Oil closed @ $98.48

Gold closed @ $1740.40

VIX closed @ 19.44

AH ER :

BRCM UP 1.89%

STX UP 5.72%

AMZN Down 8.76%

JDAS Down 9.74%

AMZN traded 4.35 million share AH, AMZN history has been hitting Top line but missing bottom line by a mile. Today AMZN has a miss on Top line but a beat by 124% in bottom line. I am more comfortable with higher bottom line.

AMZN was given no mention or credit for a huge beat in EPS, I have a feeling that by close on Wednesday we should find support.

CNBC genius were comparing AMZN with WMT, i dont know about you, but i have never seen AMZN in brick & mortar format.Maybe WMT is in cloud storage business also?

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

13 comments:

Up said...

Saleem

Earning play is very tricky, it is pure gambling. I was going to play AMZN's earning, but when market give me a 3 points gift, I decided it is best to take profit without risk any of my cash. Even if AMZN beat big time, I still could tell myself I did muscle 3 points out of it.

Reason I bought after hour is when it hit $177, I see a lot of buy orders trying to control the fall. Hopefully with funds support, this market will bounce back for you. Good luck

c said...

UP

Hello--you are out of amazon
WOW made 3 points too! $$$$

K Finerman said I am a value girl --so do not buy Amazon
WOW those CNBC pundits are just plain awful,

Amazon iss down to $176.21 pre market I got some last night at $179 I will hold as amazon had good numbers

C

Stocks100 said...

Hi Up,

Yes..earnings are difficult to gauge....i am batting 0-2.

I am hoping that AMZN will find support today...

Your X is rocking again...slated for a "breakout" @ $30.91 with a target of $34.91....

Saleem

c said...

Saleem


good morning

SCCO is holding up! yes
C

Stocks100 said...

Hi C,

Good morning to you also.

Interesting day today.....except for AMZN, other stocks are looking UP.

Saleem

stocktrader_1996 said...

Hey Saleem,

!!!

Just got back from my morning commitment and my stab-in-the-dark try at the WPRT top worked--my sell order at $43.30 hit. Now I have to determine the next move. I am very tempted to buy back here...

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Ok, I've had a little time to gain my bearings. I'll probably leave WPRT alone today--it needs a better correction desparately. I saw GGC down under $34 earlier and it had me interested--I see it has rebounded some now. I like APKT going into earnings. I like OCZ on this secondary dip. I'm still watching MET and RVBD for possible rebuys.

I think I'm going to keep the cash for now and see if a really good opportunity presents itself later today or this week.

Stocktrader

Stocks100 said...

Hi Stocktrader,

My suggestion..let WPRT rest for few days then evaluate...other stocks are better positioned for now.

Saleem

c said...

S

hey

AMAZON is holding at $175 .80 that is a good thing

Week hands may be all gone!

C

Stocks100 said...

Hi C,

AMZN found strong support @ $172...now we move UP whole day....

Saleem

c said...

SALEEM

Like I said last night --"you the man". You have the market pulse
I do not --but I love value and it is my friend..

Amazon is valued price right now.
FCS and SCCO--for copper are green and AGS are red hot! I did not buy ags this time.. Missed that one

GOOD luck to us today

Thanks for your replies, Saleem
C

c said...

Saleem

My KLAC is hopping
the Banks are back too.

and Amazon is $179 wow--good call

C

Stocks100 said...

Hi C,

Great pick of KLAC.

AMZN lives !!!!

Saleem