Indices closed UP in low volume.
S&P 500 closed @ 1368.71, below 50 DMA of 1373.29
RSI @ 42.12
CMF +0.110, lowest level since start of Jan 2012
Internals were :
UP volume led by 4.13 to 1 in NYSE & 4.27 to 1 in Nasdaq
Advancing stocks led by 3.64 to 1 in NYSE & 3.68 to 1 in Nasdaq
New 52 wk high led by 1 in NYSE & New 52 wk low led by 5 in Nasdaq
Oil closed @ $102.70
Gold closed @ $1660.30
VIX closed Down 1.81% @ 20.02
Stocks which were UP by 1% or more included CNQ,COH,
JCP,APKT,LEN,CLF,MS,BWLD,LULU,TCK,SU,NTES,
LVS,BIDU,GOOG,CRM,M,TSL,MA,BRCM,VECO,ARUN,
CRUS.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, today was a weak bounce, which needs more confirmation. Many leaders were weak. 50 DMA needs to conquered in a decisive manner.
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteMareket is trying to go UP
Hurray
AMZN dropped to fast for me to sell it
I may dump it today
nat Gas is the story dropped below $2 bucks, it has got to help Ags and all energy users!
C
Hi C,
ReplyDeleteS&P 500 needs to go well above 50 DMA to establish a new uptrend.
AMZN has been the-biggest laggard after making new highs last year???
Saleem
C
ReplyDeleteYour FCX is flying now
Saleem
I suspect yesterday is a day that MM let little guys to short the market so they could be kill today. That is what we call a classic bear trap
Up
ReplyDeleteYes it always happen to me
I sell and the stock goes up
I am a classic
:):)
Did you take a big hit on Amazon when you sold it??
Amazon is now up at $189/52
amazing thing
C
Hi C,
ReplyDeleteI sold JCP & it went UP $2 yesterday...but it is down today...
Overall i am better off by selling JCP than CNQ...which was the-debate 2 days ago......
Wait a week to know the quality of decision making......
Saleem
C
ReplyDeleteSorry to hear you already sell FCX. No, I sold AMZN yesterday and made few dollar of it. I haven't lost any money on AMZN lately
Hi Up,
ReplyDeleteMarkets seems to be back on-track..always wait for TAPE to tell me where its headed.
Saleem
Saleem
ReplyDeleteJust give us a head up, head and shoulder formation is forming in SPY.
GOOG report tonight and it will be the spark will either direction.
C
I have a lot of losing trade too, and it hurt when i sell and it come right back up. But as long as we are in the game, there is always a chance to catch something and have the final laugh
Saleem
ReplyDeleteWhat do you think of financial stocks, JPM report tomorrow morning. I am debating if I should sell some of my financial stocks
Hi Up,
ReplyDeleteI bought MS @ $17.80 today....obviously i am counting for an UP move.....
BUT...you should follow your hunch.
Saleem
Saleem
ReplyDeleteThanks for replying, if the general buy, that mean I shouldn't sell
SALEEM
ReplyDeleteand
UP
thanks for our kind replies
Market is strong today--GOOD
I own MS at $20.20 and a slow burn NYB-up 5% so far
Banks are back as GS is up 3% today--get some!!
I was thinking of a double down on MS--thoughts
My only commodities play is SCCO, but my prediction is POT and the other Ags will be winners!
The action in BIDU and SINA is insane today!!!!!!!
VBTA
C
Hi C,
ReplyDeleteDouble down is a good strategy IF you are going to trade out....otherwise try to DIVERSIFY into better behaving stocks.
Saleem
SALEEM
ReplyDeleteI do not know what to buy other than MS, so I
Put order in for 500 shares of MS at 17.90
Yes buying more MS would be to make a better trade!
thanks
C
ReplyDeleteI got GS at 115.23 2 days ago, finally it paid off