Wednesday, January 4, 2012

Constructive close today....NICE !!!!

Indices fought their way back to near best level of the day @ close.

Dow & S&P 500 made back to back green close, a rarity in this Euro phobia market. Even today it was Spain yield which put scare in this market.

S&P 500 came closest to highest level @ close.

CMF is green in Dow & S&P 500 & barely red in Nasdaq, so money is flowing in.

RSI In Dow @ 61.95 & S&P 500 @ 60.26

VIX closed down 3.27% @ 22.22, good sign for stocks.

Oil closed @ $103.22

Gold closed @ $1612.70

Stocks which were UP 2% or more included FIO,RVBD,
COH,LULU,CMG,OCZ......

Thursday is unemployment claims & retail sales.

Consensus is 375,000 claims & gain of 3.3% in retail sales.

Friday is jobs report, consensus is 155,000 for overall headline number & 175,000 private sector job creation.

AH ER MOS was a beat stock UP .19%

AH futures Mixed

AH Asian Markets Mixed

AH Gold UP

AH Oil Down

BLOG does NOT give buy or sell.

Saleem
at

25 comments:

  1. cJanuary 5, 2012 at 6:44 AM

    Saleem

    I thought that we had a good jobs number?/

    Market is down.... Darn it..

    FIO is down today -does it always behave poorly?

    thanks

    ReplyDelete
  2. Stocks100January 5, 2012 at 7:26 AM

    Hi C,

    Market GODS are playing games these days......

    IF numbers were bad they were positioned to kill this market.

    We should be OK by close.

    Saleem

    ReplyDelete
  3. Stocks100January 5, 2012 at 7:34 AM

    Hi C,

    FIO is extremely volatile but it comes back fast & furious...it is UP 1 cent.....

    Great stock & is ready to rumble.

    Saleem

    ReplyDelete
  4. UpJanuary 5, 2012 at 7:50 AM

    Saleem

    I am afraid the market will be in correction mode soon. I am getting out of stock or reduce my holdings. As you know, Europe is still in control and I don't see any indicator showing improvement, plus a lot of U.S company warn this quarter.

    ReplyDelete
  5. cJanuary 5, 2012 at 7:58 AM

    Hello UP

    I hope you are wrong

    J Cramer says this year we will rock
    Europe will do what it will do and USA will role along
    You have to see into the future a little
    Housing is coming back and financials are getting better and usually in the 3 rd year of a presidency the market is up swing.... Of note is the money that is still on the side line and the Europe contagion funds will buy American bonds and stocks

    Just my .02 cents
    c

    ReplyDelete
  6. Stocks100January 5, 2012 at 7:59 AM

    Hi Up,

    As you know, i have reduced my holdings few days back.

    Do what makes you comfortable.

    Saleem

    ReplyDelete
  7. stocktrader_1996January 5, 2012 at 8:03 AM

    Hey guys,

    I am wildly bullish this year on growth stocks this year, but given that is the default mentality for most retail investors, I doubt there is value add my position.

    On the bright side, I've got 6 stocks up, 1 unch, and only 3 down today--good outperformance and encourages me for longer term too.

    Stocktrader

    ReplyDelete
  8. UpJanuary 5, 2012 at 8:08 AM

    C

    Fund inflow to market is almost completed, market is going into overbought condition. Even if market go up this year, it still needed a rest before doing so. Plus whenever Cramer say up, that is the time i have to rethink if I should sell short.

    ReplyDelete
  9. cJanuary 5, 2012 at 8:45 AM

    SALEEM

    today fixture rates:

    Today:
    BDI 1552 (-72)
    Time Charter Average (USD)
    CAPESIZE 21857 (-2134)
    PANAMAX 12770 (-157)
    SUPRAMAX 11923 (-188)
    HANDYSIZE 8174 (-52)

    Was hoping for stronger numbers! Go GNK
    C

    ReplyDelete
  10. stocktrader_1996January 5, 2012 at 8:52 AM

    Hey c,

    These are updated around 8:40AM every morning--they are the first to report daily numbers from what I could find for free:

    http://www.dryships.com/pages/report.asp

    Stocktrader

    ReplyDelete
  11. Stocks100January 5, 2012 at 9:17 AM

    Hi Stocktrader,

    Your OCZ is on a "rocket launch"..great picl$$$$$$

    Saleem

    ReplyDelete
  12. stocktrader_1996January 5, 2012 at 9:34 AM

    Hey Saleem,

    Thanks! It tested my patience for a while, but I stuck with it. In doing my DD, I was confident it would exceed its preannounced guidance--it reports Monday.

    Stocktrader

    ReplyDelete
  13. cJanuary 5, 2012 at 9:36 AM

    HEY Guys

    I think we give an award to Stocktrader for best pick in 2012

    How about that

    Smile

    ReplyDelete
  14. stocktrader_1996January 5, 2012 at 9:44 AM

    Hey c,

    Thanks! There have been a few 10%+ stocks in my portfolio so far this year like OCZ, BAC, and GWMGF. So far they've mostly helped to ameliorate the APKT disaster! :)

    Stocktrader

    ReplyDelete
  15. cJanuary 5, 2012 at 9:50 AM

    Saleemm


    My oils plays are all green

    TOT is really ramping up
    they did a 2B dollar deal in Marclleus shale play! Big in new oil odd alaska
    MWE LINE, KMP, EVEP is holding still at $67, EPD, ETP both up time to get into energy guys! :) Get some energy into your portfolio--:)
    Hey just sharing !

    ReplyDelete
  16. Stocks100January 5, 2012 at 9:54 AM

    Hi C,

    Your award for first 2.5 days of trading for 2012 is acknowledged by everyone......

    Now we all have to work hard for next 335 trading days left in 2012.

    Saleem

    ReplyDelete
  17. cJanuary 5, 2012 at 10:03 AM

    SALEEM

    I hope my banter did NOT make any one mad?

    I do ge exuberant at times. My bad!

    Do you think that AMAZON on is an OK buy now ??

    thanks

    ReplyDelete
  18. Stocks100January 5, 2012 at 10:08 AM

    Hi C,

    I am trying to micro-analyze your award...just joking....you should know me by now.....

    AMZN.....my cost is $177.22..you can grab it for around $176 area....what else i can say?

    Saleem

    ReplyDelete
  19. UpJanuary 5, 2012 at 10:21 AM

    Saleem

    AMZN is puzzle me for month, it just doesn't want to go up, maybe it all about MM leaving this stock for other because of their earning miss. Major resistance top of downtrend line, Until we break it, their is no future. Hopefully it will run to earning.

    ReplyDelete
  20. cJanuary 5, 2012 at 10:23 AM

    SALEEM

    thanks for feedback and comments
    I forget that humor goes both ways--thanks

    I got an order in for Amazon --lets see if it fills
    the market is turning green

    C

    ReplyDelete
  21. Stocks100January 5, 2012 at 10:27 AM

    Hi Up,

    AMZN CMF is turning green any second...which means intense selling is gone & money is flowing in.

    Resistance is $195 area +-5..which should create golden cross @ $201.68...i know its a long haul from where it is..BUT once AMZN gets going..there is no stopping.

    Saleem

    ReplyDelete
  22. stocktrader_1996January 5, 2012 at 10:33 AM

    Hey Saleem,

    AMZN just had a death cross--it is difficult for that 50DMA to reverse quickly (due to 50-day lookback) to get a new golden cross.

    Although some technical indicators are looking better currently, I suspect overall AMZN remains pressured until earnings due to everyone expecting a weak one. It may be a good contrarian bet in that respect!

    Stocktrader

    ReplyDelete
  23. UpJanuary 5, 2012 at 10:37 AM

    Saleem

    Can you give some comment on X, Currently I am hold a lot of shares

    ReplyDelete
  24. Stocks100January 5, 2012 at 10:41 AM

    Hi Up,

    X looks very healthy...above 50 DMA & CMF green.....

    Wants to break out & go towards 200 DMA @ $35.42.....

    I say stay put & show patience...thou shall be rewarded.

    Saleem

    ReplyDelete
  25. cJanuary 5, 2012 at 11:17 AM

    Stocktrader

    When AMZN moves it is like a rocket --both directions movement is fast.

    My low priced offer was not taken for amazon

    I appreciate your discussion of chart history
    But some one what the shares today--that trumps charts

    my .02 cents
    C

    ReplyDelete