Indices closed UP .67% to .87%.....
S&P 500 closed @ 1399.98
Internals were :
UP volume led by 2.16 to 1 in NYSE & 2.67 to 1 in Nasdaq
Advancing stocks led by 2.13 to 1 in NYSE & 1.62 to 1 in Nasdaq
New 52 wk highs were leading, 156 in NYSE & 88 in Nasdaq
Oil closed @ $104.55
Gold closed @ $1660.50
VIX closed @ 16.24
Stocks which were UP 2% or more included RIMM,LNKD,RVBD,
KORS,FFIV,VMW,LEN,LULU,WYNN,CRM,MA,LRCX,VECO,
CRUS.....
AH ER :
ZNGA Down .21%
CSTR Down 3.35%
SBUX Down 5.04%
FIO Down 7.00%
AEM UP 1.84%
AMZN UP 13.73%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE is strong & earnings momentum continues. S&P high is 1422.38, that is where there is resistance. IF we go over it, then we are heading towards 1450 area. It is good to take advantage of this strength in market, which has surprised many, including me.
BLOG does NOT give buy or sell.
Saleem
Good morning Saleem
ReplyDeleteI totally forgot about AMZN's earning and missed them big time. I was going to buy calls before they report but was busy doing things other than stocks the past few day. Got home late last night and saw they report and beat big time. That made me sick.
UP
ReplyDeleteas my GURU (Saleem) has told me very often do not look back.. Do not be sick about missing Amazon....
Amazon was beaten down by CNBC so bad that I lost confidence and conviction and sold amazon a a large loss.... Fast Money just said well we missed that one
they are the ones who spilled bad vibes--and all that that they could say was that they were surprised.
Gosh that make two predictions in a row that they GOT TOTALY wrong APPLE AND AMAZON..
Saleem is correct do NOT listen to CNBC at all
My advice to you is go with your own gut and make selections as you feel that are correct.
Copper price is up --BDI rates are up $8, Gold up
LVS is getting spanked today....
SFL may brake $14--take a look
UP. My MS make me sick it is just plain stuck at $17
We need go daddy!! :):):)
Hi Up,
ReplyDeleteAMZN is still a buy..reason..it is going to make new 52 wk highs....
I added 60% more to LNKD.....
Saleem
Hi C,
ReplyDeleteYES..looking forward is the only way to make money.....
Good luck with your strategy.
Saleem
Hey Saleem,
ReplyDeleteWhat do you think I should do with PMTC here? It had a great run yesterday--do you think that is a signal for more to come? or take it off the table because it will stall out/fall back?
I know you don't watch the company necessarily, but what's your chart read? I'm a bit torn on this one. Thanks! :)
Stocktrader
Hi Stocktrader,
ReplyDeleteChart looking much better with high volume runup yesterday..this means either fundamental is improving or shorts are covering big time.
imho..it could easily go towards 50 DMA which is $25.23.....so stay put as its holding its huge gains from yesterday....sign of technical confirmation of strength.
Saleem
Hey Saleem,
ReplyDeleteThanks--that's what I was leaning towards. I think I still had a little of the "Finally had a good day--sell now!" syndrome after that big loss.
Stocktrader
SALEEM
ReplyDeleteMy tiny position in TAL
Is paying off big time:):) up 3.4%
Hi C,
ReplyDeleteYou are well diversified in your strategy, this reduces risk of blowup.
I am glad TAL is looking UP UP & UP.
Saleem