Indices closed UP today & recouped some of the losses from Tuesday.
S&P 500 closed @ 1352.63, only 25.41 points from recent high of 1378.04.......
Internals were :
UP volume led by 4.57 to 1 in NYSE & 3.94 to 1 in Nasdaq
Advancing stocks led by 3.70 to 1 in NYSE & 2.82 to 1 in Nasdaq
New 52 wk highs were in the lead, 52 in NYSE & 33 in Nasdaq
VIX Down 8.62% @ 19.07
Oil closed @ $106.16
Gold closed @ $1683.90
Stocks which were UP 3% or more included LEN,MS,
LULU,FIO,M,VECO,CIEN,C,BZH......
AH Futures Mixed
AH Asian Markets UP
AH Gold UP
AH Oil Down
About market, Strength of this market was obvious today, as there was NO confirmation of Tuesday's slump. Jimmy the Cramer was red faced / nervous & making excuses about today's rally. Doug Kass made his third weekly appearance to get help for his 4 wk old short. I wonder HOW he keeps coming back on a weekly basis?. Based on the TAPE today, where most Nasdaq high fliers were strong, it seems that shorts have more PAIN in the cards.
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteGood day sir:
Wow J the Cramer was sell everything snitzell!!!!! where did he get his crystal ball from... Gosh..
Looks like apple rock today. FCX and SCCO are so oversold up pre market
The Financials are back--GS and MS green and mean!
best to all
Hi C,
ReplyDeleteHe has "panic ball"..which is upside down.....
looks like most stocks are flying.
Saleem
Hey Saleem,
ReplyDeleteSold the CLF 61.40 and SWC 13.00--working on the FCX now.
Got a good pop--enough things worry me that I want back out and wait.
Stocktrader
Saleem
ReplyDeleteLooks like MCDS is on sale here?
thoughts
Hey Saleem,
ReplyDeleteOut of FCX at 39.575. I wanted to wait for higher because they clarified the Indonesia divestiture issue, but I'm not sure it can take the market weight.
Stocktrader
SALEEM
ReplyDeleteWS gonna get MCD
look at this headlineMarch 8 (Reuters) - McDonald's Corp reported global February sales at established restaurants that missed Wall Street's target, primarily on European weakness, and warned that economic uncertainty could hamper profit growth.
Shares in McDonald's, one of the top-performing restaurant chains, fell 3.5 percent in premarket trading.
C
Hi Stocktrader,
ReplyDeleteGood daytrade on all 3 position....
Saleem
Hi C,
ReplyDeleteMCD is lukewarm on ots current trend.
Saleem
Saleem
ReplyDeletethanks for feed back
C
Saleemm
ReplyDeleteCNBC still saying market is poor
I say not
to me when the TV says a bad market than that
means the market
will do the opposite
Just my .02 cents
No new positions for me but I may sell COP with a 1% pop that would give me some cash
thanks again
C
HiC,
ReplyDeleteYour Analysis is way better than CNBC pundits.....
I added one more stock this AM....
Saleem
SALEEM
ReplyDeletehow exciting
what you get
I hope is it a goodie
Best of luck
Hi C,
ReplyDeleteOTEX @ $59.49......
Saleem
SALEEM
ReplyDeleteRIG is showing me some money
I pre ordered the new iPad--exciting
Your OTEX is in the money already
I can not decided if I should get some APPLE or not
thoughts
C
Hi C,
ReplyDeleteAAPL is a very good investment based on my market read....
You can buy AAPL & let it ride for 1 year......
Saleem
Hey Saleem,
ReplyDeleteIt looks we could melt up through close as well as good data from China could help overnight futures. I probably should have held on a little longer, but I got some decent prices. I expect sell on the news tomorrow especially if we are up more this afternoon and futures rise again overnight.
It is hard to find a good reason to be out of the market right now.
Stocktrader
SALEEM
ReplyDeleteRIG is showing me some money
I pre ordered the new iPad--exciting
Your OTEX is in the money already
I can not decided if I should get some APPLE or not
thoughts
C