DOW & S&P 500 closed green, while Nasdaq closed down.
S&P 500 closed @ 1371.97
RSI 45.75
Internals were :
UP volume led by 2.43 to 1 in NYSE & .84 to 1 in Nasdaq
Advancing stocks led by 2.07 to 1 in NYSE & 1.77 to 1 in Nasdaq
52 wk highs were in the lead, 61 in NYSE & 54 in Nasdaq
Oil closed @ $103.55
Gold closed @ $1643.80
VIX closed @ 18.10
Stocks which were UP 1% or more included RIMM,
LEN,JCP,TCK,AMZN,GG,CIEN,ARUN......
AH ER :
BIDU Down 9.30%
PNRA UP 2.10%
AAPL UP 7.80%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, AAPL ER is giving lift to market sentiment. We may see gains for Wednesday session.Highly recommend booking any profit in AAPL or anywhere else. Market technicals are not strong & will remain challenged, based on seasonality.
BLOG does NOT give buy or sell.
Saleem
21 comments:
Hey Saleem,
Although I've pretty much pruned my portfolio to the stocks I want for their earnings either just past or still upcoming, I agree the market still could be vulnerable here and booking profits in AAPL or others on the AAPL-pop is prudent. I'll take a harder look tomorrow when we see some prices.
Stocktrader
Hi Stocktrader,
Good luck in your AM strategy.
Saleem
SALEEM
Good luck to all of us
We need it a lot
PM up +49
Coper and Gold up in PM
APPLE up 9.50% in PM
COH is green--you may get a run today
Hurray
Hi C,
Great buy in AAPL..you are the KING C of this BLOG....
Hopefully we all going to get some $$$$$ today.....
Saleem
Hey Saleem,
Sold FCX at open @ 37.50. Will probably pick up CLF later for their earnings tonight.
Stocktrader
Hi Stocktrader,
LVS is also reporting tonight..i may get that sometimes today....
Saleem
Hey Saleem,
You do very well with the gaming stocks--I don't watch them daily and can't get as good of a feel. I'm sure you'll make the right move again!
Stocktrader
SALEEM
COH loves ya--Up $1.35
I like LVS it is up a $1 today is that a danger?
May look at DRYS NAT or SFL over sold and may deliver a pop!
Smiles to all please!!
Hi Stocktrader,
LVS is doing well in Macau & Singapore.....could be a strong beat tonight...
Saleem
Hi C,
Thanks for your cheery note.....except for RVBD everything good so far....
Saleem
Hey c,
I don't like the shippers overall due to the overcapacity, but they are *definitely* oversold. Even something like good old GNK looks ripe for a rise here.
Stocktrader
Hey Saleem,
I am really surprised by MS today, especially after that great last half hour performance yesterday. Do you see anything specific today? or have a take on it?
Stocktrader
Hi Stocktrader,
MS has been behaving poorly after ER......TAPE is weak.
I think you will be better off in allocating funds elsewhere.
Saleem
SALEEM
here is J Cramer Mad MOney
picks last night
9 Unsung American Industrial Heroes: 3M (MMM), IBM (IBM), AT&T (T), Honeywell (HON), Eaton (ETN), United Technologies (UTX), Dupont (DD), PPG Industries (PPG), General Electric (GE). Other stocks mentioned: Apple (AAPL), Facebook (FB), Goodrich (GR)....
I sold T, and DD both did OK for me
just some ideas.
LVS seems like it will execute v well
Hey Saleem,
Sold the MS @ $17.04148. I'm not sure why the weakness, but it doesn't look good--I'll reevaluate upon regaining the 200 DMA.
I will be gone for the Fed announcement, but I think they will still speak to accomodation if necessary, which may weaken the dollar/help risk assets. I'm looking to add back FCX and buy CLF around now.
Stocktrader
SALEEM
I am not sure about MS
But I think that all banks re waiting for interest rate
news.
From what I was able to read LVS should has stellar
earning as the China arm is mining $$$$.
here are two articles:
http://www.minyanville.com/sectors/real-estate/articles/las-vegas-sands-lvs-technical-analysis/4/25/2012/id/40608?camp=syndication&medium=portals&from=yahoo
http://www.thestreet.com/story/11503088/1/viva-lost-wages-8-casino-stocks-that-are-on-a-roll.html?puc=yahoo&cm_ven=YAHO
Good Luck
Hey Saleem,
Bought CLF 66.06 and FCX 37.01 while gone. Slightly down currently, but I like the prices.
Stocktrader
Hi Stocktrader,
Good luck with CLF & FCX.
I bought LVS.....
Saleem
Hi C,
Thanks for your research on LVS...i think it is a beat today.
Saleem
SALEEM
No change in interest rates!!!!!!
Financials moving on up....
MS back at $17 and REITS are all green.
Hoping for a move in MS
C
Hi C,
Fed is extremely accomodating till 2014.
Saleem
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