Indices closed UP due to Spain bond yield going for less than 6%.
S&P 500 closed @ 1390.78
RSI 52.14
Internals were :
UP volume led by 7.56 to 1 in NYSE & 6.87 to 1 in Nasdaq
Advancing stocks led by 3.40 to 1 in NYSE & 3.19 to 1 in Nasdaq
New 52 wk highs were in the lead, 82 in NYSE & 76 in Nasdaq
VIX closed Down 5.58% @ 18.46
Oil closed @ $104.20
Gold closed @ $1651.10
Stocks which were UP 2% or more included CNQ,MS,RVBD,
OTEX,LULU,FCX,FIO,AAPL,SU,NTES,APKT,TSL,VECO,
JDSU,CIEN,FNSR,C,CRUS,ARUN,LNKD.....
AH ER / News :
BRK.A Down 1.82%
IBM Down 2.42%
INTC Down 3.06%
YHOO UP 2.86%
STX UP 3.94%
ISRG UP 5.95%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, indices seems to have corrected & found support & may move towards high end of the range. This is a market where it will gyrate every two days. Volatility is very high. For traders, encourage booking of profit, on second day of move.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hello SALEEM and all bloggers
PM is down -futures are red...
I do see lots of green in what we own
APPLE, BIDU, CNQ, NYB, RVBD, ZNGA GREEN!!
CNQ has been doing a stealth move up.
Who would have thought that apple would more back up $25 bucks! Nice
So is today GIVE BACK day or not??
VB to all
CPS
Tankers are taking a rest today--BDI up $17
Hi C,
AAPL UP move was very nice, i am glad you got this on time.
YES ZNGA has pulse today.......
Saleem
SALEEM
What is up with AMAZON???
Way up ---
vb to all
C
Hi C,
AMZN wants to go higher...that is a good thing$$$$$
Saleem
Hey Saleem,
I really like the looks of the APKT chart and technicals (to go with the fundamental story barring a European collapse). If you are considering a new position, maybe take a closer look at it :).
Stocktrader
Hi Stocktrader,
Thanks for your analysis on APKT...i will take a very close look.....
Saleem
ZNGA is getting beaten down due to rumors. Got some @10.12
Sold RVBD. Wanted to book profits before the earning release.
Happy Trading
-Paramjeet
Hi Paramjeet,
ZNGA has been beaten down & getting close to 52 wk low???
Good idea to book profit$$$$
Saleem
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