Thursday, January 5, 2012

Impressive close today.......NICE !!!!

Indices were under European pressure again today from open, but by close, we closed green in S&P 500 & Nasdaq.

S&P 500 closed @ 1281.06, RSI @ 61.17

Internals were positive

All indices are showing positive CMF

New 52 wk highs were in the lead, 88 in NYSE & 38 in Nasdaq

Oil closed @ $101.81

Gold closed @ $1620.10

VIX closed down 3.33% @ 21.48????

Stocks which closed UP 1% or higher included M,RVBD,
SNDK,PCLN,MOS,AAPL,LULU,BIDU,BWLD,CRM,
APKT,JDSU,CIEN,FNSR,CRUS,ARUN,OCZ,STEC....

AH news :

RFMD Down 15.78%

AA Down 1.71%

BAC Down 2.38%

AH Futures Down

AH Asian Markets Down

AH Gold UP

AH Oil Down

I am expecting Jobs report to "beat consensus" for the first time in many many months. IF that happens expect a "breakout" in indices.......with huge volume.

BLOG does NOT give buy or sell.

PS..post was delayed as i was listening to David Burrows on "market call tonight" a ONE HOUR phone in stock show on bnn.ca, he is the best trader / money manager. NO you wont find him on CNBC ????

Saleem
at

8 comments:

  1. cJanuary 6, 2012 at 5:34 AM

    HELLO SALEEM

    Market very strong today

    200,000 jobs added lowest level in 3 years now at 8.5%.

    Say market pop!!!!!!!!!!!
    AMZN, LVS, FIO here we come
    AG's should get hot form here on in...IMHO
    C

    ReplyDelete
  2. Stocks100January 6, 2012 at 5:50 AM

    Hi C,

    My prediction for jobs report was better than all economists on Wall Street.....NOT BAD @ all.....

    Economists on Wall Street KNOW NOTHING.....?????

    Start counting $$$$$$$

    Saleem

    ReplyDelete
  3. cJanuary 6, 2012 at 6:43 AM

    Saleem

    How come the market went down:

    Yeks

    ReplyDelete
  4. cJanuary 6, 2012 at 7:02 AM

    SALEEM

    Ouch
    SOld my AMZN to early as the market went negative
    way to fast for me--got scared....
    Will buy back if I get opportunity If you sold at the top of $181.47 you made $$$

    C

    ReplyDelete
  5. Stocks100January 6, 2012 at 7:05 AM

    Hi C,

    Market is down because market GODS were not expecting good jobs number....they were short so they are taking market down.....

    AMZN is on the move, so no need to sell....staying put.

    Saleem

    ReplyDelete
  6. UpJanuary 6, 2012 at 7:14 AM

    Saleem

    I am taking a second look at NFLX, seems like trend is moving back up again

    ReplyDelete
  7. Stocks100January 6, 2012 at 7:17 AM

    Hi Up,

    NFLX is moving UP on fundamental improvement in their business & speculation of takeover.

    Saleem

    ReplyDelete
  8. cJanuary 6, 2012 at 7:40 AM

    HEY

    UP

    NFLX broke thru resistance looks like a good buy here
    See Market comment ( Netflix (NFLX) stock has been showing support around $74.90 and resistance in the $84.06 range.

    IMHO, this market is one tough cookie
    C

    ReplyDelete