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
25 comments:
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
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
Hi C,
FIO is extremely volatile but it comes back fast & furious...it is UP 1 cent.....
Great stock & is ready to rumble.
Saleem
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.
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
Hi Up,
As you know, i have reduced my holdings few days back.
Do what makes you comfortable.
Saleem
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
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.
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
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
Hi Stocktrader,
Your OCZ is on a "rocket launch"..great picl$$$$$$
Saleem
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
HEY Guys
I think we give an award to Stocktrader for best pick in 2012
How about that
Smile
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
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 !
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
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
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
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.
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
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
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
Saleem
Can you give some comment on X, Currently I am hold a lot of shares
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
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
Post a Comment