Indices closed down 1.24% to 2.10%......
S&P 500 closed @ absolute low of the day @ 1304.86
RSI @ 25.09
Internals were :
Down volume led by 7.71 to 1 in NYSE & 8.76 to 1 in Nasdaq
Declining stocks led by 6.41 to 1 in NYSE & 4.25 to 1 in Nasdaq
New 52 wk lows were leading, 155 in NYSE & 157 in Nasdaq
VIX closed UP 9.97% @ 24.49
Oil closed @ $92.56
Gold closed @ $1574.90
AH ER :
MRVL UP 3.01%
CRM UP 6.49%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold UP
About market, tonight we closed @ absolute low of the day with extremely negative internals. S&P 500 is now Down 117.52 points or 8.26%. Greece has been @ centre stage for 3 years & never seems too far away from spooking traders & markets. There was wholesale dumping of stocks today. Hopefully this discounting is done for the near term.
BLOG does NOT give buy or sell.
Saleem
HELLO Saleem
ReplyDeleteJ Cramer say we are going to drop another 1000 we are on a see saw so we could go up 1000
I guess he in 50-50 like the weather man
PM analysis
Gold silver copper up nice, OIl down Dow up +56 so fay goodie! BDI no change is day rate
Looks like my move into T was a success the rest of my stocks are under water
VBTA
Hi C,
ReplyDeleteJimmy the Cramer CHANGES his tune to PANIC near bottom & RA RA SKY is the limit near TOP.....what else is new....
Green is in the card for today.....
Saleem
Saleem
ReplyDeletethanks for the news letter
I get alpha news stuff which is OK for me
I have no cash left to play with
I slowed doen my watching of fast money and Cramer as they hype a lot and scream A lot and do not help with sound comments, IMHO. I still like to listen but less now
PS
THer boat ran as OK--pontoon
When you come down I will take you out on the Chesapeake
Is any one buying FaceBook?? Not me
C
Hi C,
ReplyDeleteI get Street & Schaeffers newsletter on a daily basis....Street is fundamental & Schaeffers is technical..gives balanced view on a daily basis...
Saleem
SALEEM
ReplyDeleteIs the news letter free??
thanks
Hi C,
ReplyDeleteSchaeffer is also free..it comes to you before open & after close.
Saleem
Hey Saleem,
ReplyDeleteSold ZNGA 8.47 on open--too much non-pure ZNGA money in there right now for my comfort.
Stocktrader
Hi Stocktrader,
ReplyDeleteNow you can deploy funds into something which can make money for you.
Saleem
Hey Saleem,
ReplyDeleteEither that, or I might buy ZNGA back at 7.25 later? :)
Stocktrader
SALEEM
ReplyDeleteCNQ and COH are hot
Up 1.70% respectively
I bought T at 33.17 up 1.2%,
Apple is finally green
VICTOR
ReplyDeleteT may be in a break out mode
Go T, VZ is also hot today
WOW Saleem:
LVS is grabbing for 2% pop
Congratulations
swing for ya
Hi C,
ReplyDeleteGood luck with T.....
YES..AAPL higher, good for you$$$
Saleem
Hey Saleem,
ReplyDeleteThe lengthy ZNGA halt really caused unfortunate circumstances for me. I was trying to buy at $6.70 before and during that 50 minute halt. I had to finally leave after 35 minutes of it, and when I came back from my daily engagement it is 10% higher already. I can't understand what took 50 minutes to unhalt the stock for that circuit breaker? I know it's just a small thing overall, but it ruined my day some after working it so well earlier and setting up for a huge dip. At least if I had been there right after unhalt I could have chased it up since FB recovered.
I'm glad to see things looking overall better though.
Stocktrader
Hi Stocktrader,
ReplyDeleteZNGA is trading @ $7.18 ..low was $7.10....
Saleem
Hey Saleem,
ReplyDeleteIt is still halted after the $7.80 print--that $7.18 is a faulty trade. I'm not sure what I'll do with it now--I guess I might be interested near $7.45, otherwise I might allocate elsewhere.
Stocktrader
Hey Saleem,
ReplyDeleteGot half ZNGA back at 7.38. I will probably buy the rest back also and look more over the weekend at the overall portfolio.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with ZNGA & your review of portfolio.
I have done some tinkering with my portfolio also....
Saleem
Hey Saleem,
ReplyDeleteI believe in online gaming as a long term theme hence my interest in ZNGA. Gaming is just as addictive as coffee, so I believe ZNGA's profits can continue to grow over time. The only question is whether ZNGA can create enough brand image to maintain its market share of the overall online gaming profits--that's the only question I have, but they've got a huge head start over anyone else.
I thought I'd share some of my insight as to why it seems I chase this stock around. I actually believe in the longer term story and feel the valuation is fairly cheap here given some of the other valuations in the space.
Stocktrader
Hey Saleem,
ReplyDeleteGot the other half at 7.42 for a 7.40 average. Not a bad "savings" from the 8.47 where I sold earlier. I feel better now :).
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with ZNGA...it is all about due diligence.
Saleem
Hey Saleem,
ReplyDeleteWow...check out a chart of CLF. I'm sure others look this way also, but wow...
Stocktrader
Hi Stocktrader,
ReplyDeleteThere is support around $46.51 area...........
Many stocks are looking the same..we all have them....
Saleem
S
ReplyDeletethe market is very disappointing today
all stocks are giving up share price--yeks
the Facebook IPO os tiring now at $38.12
where is the beef??:):):):):)
COH is still green and mean
APPLE giving it all back!
C
Hi C,
ReplyDeleteRead my BLOG around 6PM....i will deal with everything.....
Saleem