Indices ignored G20 stalemate. By close S&P 500 & Nasdaq were green & Dow lost a single point. Many non-participant were sure that today was the day for indices to plunge on G20 news????
Internals were :
UP volume led by 1.21 to 1 in NYSE & 1.28 to 1 in Nasdaq
Advancing stocks led by 1.27 to 1 in NYSE & .87 to 1 in Nasdaq
New 52 wk highs were in the lead, 127 in NYSE & 87 in Nasdaq
VIX closed UP 5.08% @ 18.19
Oil closed @ $108.56
Gold closed @ $174.90
Stocks which were UP 1% or more included COH,LULU,LEN,
MA,TSL,MS,FNSR,ARUN,TJX......
AH ER :
SINA Down 3.92%
PCLN UP 6.57%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, it is important to follow the TAPE in a strong bull market. Many so-called Gurus are treating this market as IF it was 2008 all over again. When negative news do not take this elevated market down, then it means only ONE thing...we are going HIGHER.
BLOG does NOT give buy or sell.
Saleem
14 comments:
SALEEM
Look at COP
here is J the Cramer's comment.....
Bullish Calls:
ConocoPhillips (COP): "The answer is, you buy, buy, buy...it is about to explode here if oil keeps going higher. COP is for me."
Sold my last shares of LINE
Now I have some cash in my pocket
PS Cramer alos says buy as much of APPLE as you can it is going a lot higher! LOL :)
C
Hi C,
I agree that AAPL is going much higher, Dan Firzpatrick is eating crow...he is the technical guru which Cramer follows & is part of street.com...he said AAPL going way lower four days ago & Cramer spend 10 mts of CNBC time on it????
My oil play remains CNQ..it should fly shortly.......its dealing with production issues.
Saleem
Hey Saleem,
Some of the comments from VZ yesterday seemed pretty weak regarding capex spending and then translating to APKT. I'm looking carefully to see if this support level holds else I might let it go.
Stocktrader
Hi Stocktrader,
YES...APKT is quite weak today..volume is 700k already....
Bought LEN today.
Good luck with your decision.
Saleem
Hey Saleem,
Ended up selling at 32.91.
Also, the comment section of your site formatting is not working correctly for me anymore (started yesterday). I'm not sure if it is just my computer or if others are having the same problem.
Stocktrader
Hi Stocktrader,
Google has changed their look for comment section, everything else is working.
I am replying with ease as before.
Saleem
Hi Stocktrader,
Google has added preview in comment section.
Maybe you can delete & add back this site..maybe that can resolve your issue.
Saleem
Hey Saleem,
It's more that your background and the visually-pleasing formatting doesn't transfer to the comments section like it did before. It is all a squished mess on my screen now. Your main blog looks fine--only the comments section is a problem. I have always had the preview ability, which I use every time :).
Stocktrader
Hi Stocktrader,
Comment section is very clear on my screen...background is white.
Dont understand why comment section is jumbled up for you & not me......maybe C or others can give their feedback on comment section.
Saleem
Hello and Good MOrning to all
I am having great difficulty in getting to the old way of posting
vere odd seeing all white board.....
Any way bought some COP at $76.65 and DRYS is dead money for now
Saleem what is LEN and any news that is a catalyst
thanks
Hi C,
Google has changed the background only to white & added sign out option on comment section.
LEN is a home builder......they are expected to earn $1.30 this year.....
Shipping is beyond my IQ......
Saleem
Hey Saleem,
The market internals seem to be deteriorating. I may do some larger selling today.
Stocktrader
Hi Stocktrader,
You have big gains in your portfolio.
It is normal to book gains & have higher comfort level.
Saleem
Hey Saleem,
Sold everything except APWC.
Stocktrader
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