Indices were under pressure as every US Data was below expectations, Housing Manufacturing & Jobless claims were all weak....
S&P 500 closed @ 1376.92, below 50 DMA of 1378.93
RSI @ 47.05
CMF @ 0.001
Internals were :
Down volume led by 1.88 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by 1.43 to 1 in NYSE & 1.68 to 1 in Nasdaq
New 52 wk highs were leading, 60 in NYSE & 61 in Nasdaq
Oil closed @ $102.27
Gold closed @ $1641.40
VIX closed @ 18.36
AH ER :
SNDK Down 13.49%
RVBD Down 17.09%
CMG UP 1.52%
AMD UP 1.88%
MSFT UP 3.10%
RVBD Earnings for Q1, EPS in-line of 20 cents & Sales miss by $3 million. Guidance for Q2 is below expectations, 21 to 22 cents in EPS vs expectations of 24 cents, Sales for Q2 $193 to $197 million vs expectations of $202 million. AH RVBD traded 2,196,389 shares. I have not sold any shares. Support for RVBD $22.14, then $19.93......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, technicals for S&P 500 is getting negative.Good idea to book any profit or rethink ones strategy in terms of portfolio. Market came back @ close but not enough to
avoid technical damage.
BLOG does NOT give buy or sell.
Saleem
17 comments:
GOOD MORNING to you Saleem
and to all bloggers--have a great weekend..
GE great revenue!!Microsoft up on earnings
the chart for MS looks very good:
http://finviz.com/chart.ashx?t=MS&ty=c&ta=1&p=d&s=l
Copper Apr 12 3.64 UP
Gold 100 oz. up $4
Nat Gas up which may be a turn in Nat Gas companies a floor may be in --May help CNQ and ERF...??
BDI is up a whopping $14 have not seen that in a long while
Dow Futures are up $54 all at 7:30 am
I am looking a AAPLE again down in pre market, J Cramer says get some. and PPG too.
Hi C,
Futures UP,Europe UP,Oil UP, Gold UP.....what not to like except if you have RVBD..which i do...
Saleem
S
So sorry about RVBD
I got killed on FCX so we all get stinkers
Smile
C
Saleem
I got some APPLE at $583
lets see if I did good???????
A tiny position as I can average down if it drops to $500
V bets to you Bro
I know that you are a great investor....
Hi C,
Thanks for your kind words.
Your AAPL purchase is looking good.
Saleem
Saleem
We all made mistakes, still remember when i first trade, my account had been wipe out completely 3 times. And now, it just a memory. I know you will recovered from this.
C
Great trade on AAPL, I was going to buy it too, but decided not to commit too much capital on this bounce, but still I got some LEN for the ride
Hey Saleem,
Sold CLF at $68.00588 just now. I'm looking at buying some PFPT or just rebuying CLF later. The underperformance so far was troubling though.
Stocktrader
Hi Up,
Thanks for your encouraging feedback.
YES...stocks slumping after purchase is part of our living...hopefully other 5 stocks in my portfolio should offset some of the loss......
These things are unavoidable for anyone who is in the market...everyday thousands of stocks go down..law of averages catches up all the time.
Saleem
Hi Stocktrader,
Base metal,coal,gold, nat gas stocks are under severe downtrend..@ best they are for daytrade.
Saleem
UP
Len is a good buy here!
Was looking to make a quick trade in APPLE till I saw that the funds need to clear for 3 days--yeks no problem now I have 60 shares in my ira account and 50 in my cash account
I am almost fully invested in Apple ; if goes to $500
as some says ( I doubt it very much) I will gobble up some at that price. So I have some powder saved for that eventually.
earning I believe are Wednesday! So lots may happen by then
C
Hey Saleem,
I'll express my condolences also on RVBD. It looks almost exactly like my PMTC just a couple weeks ago. You are a great stock mind and will make that up quickly I'm sure!
Stocktrader
P.S. Got a half position in PFPT @ $14.20.
Hey Saleem,
Rounded out the PFPT with another chunk @ $14.20.
Stocktrader
Hi Stocktrader,
Thanks for your comment on RVBD slump.....hopefully by close, i will know what to do.
PFPT ipo had a wide range today...good luck!!!!
Saleem
Hey Saleem,
I never found a way to get into COH. Great move today for you!
Stocktrader
Hi Stocktrader,
Thanks for your feedback re COH...
Sold ZNGA & MS.....
Saleem
S
Now for some action in CNQ
Nat gas seems to have settled down some
COH was a good one for us
MS seems like a brick to me
Hoping for some good times
Hi C,
I have conviction in CNQ..has been beaten down bug time....
COH is getting decent.....
Saleem
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