Indices closed mixed, with Nasdaq in green.
S&P 500 closed @ 1314.65.
RSI 68.19
CMF 0.450
Internals were positive
New 52 wk highs were in the lead, 79 in NYSE & 51 in Nasdaq
VIX closed UP 1.29% @ 18.91
Oil closed down @ $98.95
Gold closed down @ $1664.50
Stocks which closed UP 1% or more included CLF,RVBD,
COH,MGA,WYNN,WPRT,VMW,PCLN,FIO,FFIV,CRM,
BWLD,APKT,MA,V,BRCM,MU,AMCC,JDSU,CIEN,BZH,
FNSR,ARUN.....
AH ER :
YHOO Down .89%
AMD Down 2.91%
FIO Down 13.41%
AAPL UP 7.32%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
Jimmy the Cramer went "bullish today", telling his loyal followers NOT to worry about Europe?
BLOG does NOT give buy or sell.
Saleem
16 comments:
Hey Saleem,
I hope OCZ sells off in sympathy with FIO in the morning--it will give me my chance to buy. I believe the product transition at FIO is contributing to their poor guidance and not an industry problem.
Stocktrader
Hi Stocktrader,
Looks like OCZ can be had for $7.85?
Saleem
SALEEM
What a blast with AAPL
made $50 bucks last night
on a swing trade. Phew--It almost got away from me.
Looking for a sell off in apple today? :)
If so I may re-buy.
best to all
C
Hi C,
Good for you $$$$$$
Saleem
Hey Saleem,
I must have messed up a 3-day rule somewhere--I don't have buying power for the cash in the account today :(. I guess I'll be on the phone this morning to sort this out...
Stocktrader
Hi Stocktrader,
Maybe its a blessing in disguise, delay may bring luck.
Saleem
Hey Saleem,
I thought of that :), but 3 months is a long time to be handcuffed...
Stocktrader
Hi Stocktrader,
OH NO..not 3 months..i thought few days.
Who is your broker?
Saleem
T. Rowe Price
They were the 401(k) administrator originally so it was an easy rollover. I've thought about switching at some point but haven't so far. Also, I'm not sure how lenient firms can be with the IRA rules--at lot of (all?) places are cash only.
Stocktrader
SALEEM
3 months is what they told me too.
They said the next time I break the rules I would NOT be able to trade with my unsettled funds for 6 months
Yeks
Hi Stocktrader,
Check Fidelity, they are extremely lenient about any enforcement.
My brother has margin account with them & they NEVER sell even IF he stay's under-margined for months.
Saleem
Hey Saleem,
Thanks for the idea--I'll have to look into them.
Stocktrader
Hey Saleem,
I hope the genomics business heats up with the ILMN buyout offer. Maybe I just got lucky with one of my first biotech tries (GHDX)?
Stocktrader
Hi Stocktrader,
Biotech is either "feast or famine"..too risky for my comfort.
Saleem
Hey Saleem,
I totally agree. I just happened upon this company a year ago watching a Bloomberg report on TV and watched the stock for that long. The product makes sense to me, and their success rate is great so far, hence my investment despite my normal biotech misgivings.
We'll see what happens over time--I still have that general discomfort similar to you.
Stocktrader
Hi Stocktrader,
I had 5000 shares of UBS..it became my biggest loss of my trading career.....i promised myself NEVER to be that "vulnerable again"...
That was in 1993...have kept my promise since......
Saleem
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