Indices gave important signal, that market is bifurcating now. Even VIX was unchanged, on the day Nasdaq was decidedly weak.
Major pullbacks happening in AAPL,GOOG,PCLN while Dow was green.
On pullback in Nasdaq, is nothing but a healthy pause in an ongoing uptrend, all three stocks are reflecting earnings related reaction. It is advisable to WAIT until earning release on AAPL & PCLN...
S&P 500 closed @ 1369.57
Oil closed @ $102.93
Gold closed @ $1649.70
VIX closed @ 19.55
Internals were :
UP volume led by 1.08 to 1 in NYSE & .75 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.09 to 1 in Nasdaq
New 52 wk lows were leading by 1 in NYSE & 4 in Nasdaq
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, this was a healthy pullback based on overbought condition, Chinese slowdown & Spanish yield. Every correction runs its course. Market character has changed due to seasonally weak period. Overachievers are relegated to background & new stocks are coming into focus. It looks like a rangebound trading where LOWS & HIGHS of the year may be @ hand until Q3.
BLOG does NOT give buy or sell.
Saleem
13 comments:
SALEEM
APPLE is up .50 in PM.
Futures ar +$54.
was looking for a strong POP today!
GS is up $1% in PM
MS may move up today
What happened to RVBD ?/ Down in PM
VBTA
C
Hi C,
Lokks like we are back to rallying today....
RVBD bid is higher than close?
Saleem
Good morning C
Look like a sell the news event this quarter. Normally when GS report like that , it will be up at least a few points, but guess thing change. Now I am starting to asked myself if i should hold MS through earning
Hello Again
Saleem
WOW RVBD is a rocking--you are up 2%--goodie
APPLE was so low this AM I had to cry
NOw it is up $2 smackers I got 50 at $282.30 yesterday
I thought that was the bottom-----not
On a personal not my oncologist again gave me another year to live! Smile--complete check up and blood work up next week.....
MY guess is that AMAZON is some what linked to AAPLE's share price at it is finally up today! Now I want it to fly way over sold, IMHO.
Looks like FCX ands SCCO are in a holding pattern for this quarter.
I may sell my SFL for a tiny profit--dunno..
The REIT's are warm, TWO, NLY, MTGE, AGNC, ARR--these are holding stocks.
VB to all, good luck...
C
Hi C,
We all have unknown time in this life..it is important to make the-most of each moment.
Take care of your health everyday & live to MAX every moment.
Saleem
C
I got some AAPL this morning at 577 too. But I am not going to keep it, just here for some lunch money
UP
Ask Saleem if selling MS now is a good move!!!!!
I bought MS as a med term trade. So I am NOT concerned about the earnings per say
Saleem
thanks you so much for the note on my health
Life is so short and I will try and live by your words
Hey all, enjoy the rally--I like green for a change
C
Hey Saleem,
Hmmm...seems like ZNGA is sick at the moment. I sent it a get-well-soon card and signed your name too. I hope you don't mind :).
Stocktrader
UP
YOU got perfect timing
all aboard on the APPLE train!!!!!!!!!!!!!!
I see $600 today
As next week is earnings maybe selling by Friday is a
good idea.
My SFL is a rocking today--go shippers
NAT is up 2% and FRO is up 1.5%
BDI rates are up $14 bucks--maybe the tankers are turing?
VB to all
C
Hi Stocktrader,
Thanks for your get well card, yes i am praying for ZNGA to get well.
I may add ZNGA IF it stays low on Wednesday.....
We all are "happier today"
Saleem
C
If this is a yo yo market, index will be down tomorrow, just my 2 cents. Yes, commodity is hot, and my only holding in this sector, X is up a dollar too. I could have got AAPL at 575 but it pop up too fast for me to lock into that price.
This is the oversold rally I am looking for, and hope it does have leg
C
GS breaking out of its daily range and seems like it wanted to participate in this rally too. It is good for all financials
UP
MS has a target of $32.
CNBC is now loving the banks. Especially JPS and CITI and GS.
GS I believe missed on earning but raised divi and guidance was strong..
just look at CITI--yeoh! up 3.50 % huge
My NYB is BLASTING --can't believe that !!
Now if only copper would come out and play
X is up $1.09
C
Post a Comment