Indices were almost flat today @ close.
Nasdaq was the only minor green.
S&P 500 closed @ 1402.89
RSI @ 67.91
Internals were mixed.
New 52 wk highs were in the lead again, 68 in NYSE & 91 in Nasdaq
Oil closed @ $107.27
Gold closed @ $1650.30
VIX closed Down 2.89% @ 15.13
Stocks which were UP 1% or more included LULU, PCLN,
FCX,FIO,NTES,VMW,FFIV,BIDU,GOOG,CRM,M,MU,
SNDK,CRUS.....
AH Futures UP
AH Asian Markets UP
AH Gold UP
AH Oil Down
About market, it continues to show resiliency everyday despite weak housing data. GS is joining the bandwagon of a very strong equity market on a long term basis. Many pundits are predicting a major bull run. It is important to do serious homework to have a broad based portfolio.Patience & conviction is the key in a major bull run.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Good Morning SALEEM
A great day- PM is red
I listen to Cramer a little bit last night he was full of a statement of Bull Market is here.....
SFL is continuing to give as was MS
Amazon is up and down a lot----basing??
I am still holding KFT for the spin off....
Have a good en
C
Hi C,
AMZN should be OK & should participate in market uptrend.
MS is technically very strong & is ready for a breakout @ $20.82 with a target of $22.94....but will remain volatile with market.
Close should be better as usual.
Saleem
Hey Saleem,
I think trouble for Europe is finally catching up to it. China has loads of stimulus it can engage in, but Europe is pretty much stuck.
Stocktrader
Hi Stocktrader,
European economy is going through reset due to many challenges.
I do expect improvement in Fall though...
China should announce aggressive reserve cut very soon.
Saleem
SALEEM
amazon is an amazing GREEN --mean and green
C
Hi C,
AMZN days of sideways movement is over..wants to go higher....
Saleem
SALEEM
any bets on price of amazon close
Hi C,
There is a resistance @ $193.98...IF we close ABOVE..its all the way to $217.20......based on all reliable chart......
No need to for bet IF we are already making money today.....
Saleem
Hi C
Base on what I see, Amazon is becoming bullish now. Look like it is trying to do what AAPL was doing when it stuck in range. I have not sell a single share when I bought it at 181
HELLO to all (Saleem and UP)
I did realize that we all has a stake in AMAZON
I thought that Saleem and I were the "goats"
Our $$$ has been long in coming.
Might want to consider FCX on a bounce--gotta be way over sold here!
Also some new out about BIDU being a strong buy....
DUNNO---stockcharts give AMAZON a price target of $210.00 hurray
V Best to all
C
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