Wednesday, May 9, 2012

Indices closed down .39% to .75% in high volume....

Indices struggled whole day for sixth day in a row, ending lower.

S&P 500 low today was 1343.13, closing @ 1354.58. S&P 500 was down 5.37% in current selling.

RSI @ 37.88

Internals were :

Down volume led by 2.16 to 1 in NYSE & 1.39 to 1 in Nasdaq

Declining stocks led by 2.12 to 1 in NYSE & 1.85 to 1 in Nasdaq

New 52 wk lows were leading, 74 in NYSE & 79 in Nasdaq

Oil closed @ $96.81

Gold @ $1594.20

VIX closed @ 20.08

AH ER :

PCLN Down 3.90%

CSCO Down 8.68%

AH Futures Mixed

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, after making of series of lows, selling may have dried up. Election of Left leaning parties in Greece & France caught world markets by surprise. High volume selling took hold as panic sets in.On the positive side many stocks are showing CMF in green, all indices are showing positive CMF after a long time. SO...things are looking UP finally.

BLOG does NOT give buy or sell.

Saleem
at

14 comments:

  1. cMay 10, 2012 at 5:36 AM

    Good Morning Saleem

    Copper, Gold up silver neutral and BDI down $0

    Looking for some $$$$$$$$ today
    C

    ReplyDelete
  2. Stocks100May 10, 2012 at 5:56 AM

    Hi C,

    Thou shall find...what you work for......

    Green is the color...everyone loves green....

    Saleem

    ReplyDelete
  3. AnonymousMay 10, 2012 at 6:32 AM

    Good morning all.

    Going out on a limb, buying some TNA calls. GLTA.

    Victor

    ReplyDelete
  4. cMay 10, 2012 at 6:37 AM

    GOOD LUCK VICTOR
    and all bloggers

    Looking to sell my MS I bought at $15.60

    it is Now at $15.91 do ya think it makes $16

    ReplyDelete
  5. UpMay 10, 2012 at 8:12 AM

    C

    I sold my MS at 15.88, but i just got it back because I think we have some upside

    ReplyDelete
  6. cMay 10, 2012 at 8:26 AM

    UP

    thanks for your kind response

    looking like week market at 11:30
    C

    ReplyDelete
  7. cMay 10, 2012 at 8:29 AM

    This comment has been removed by a blog administrator.

    ReplyDelete
  8. UpMay 10, 2012 at 9:31 AM

    Saleem

    Past few days with so many negative news and bear can't even take us lower. To me that is the powerful signal to trader that market is very oversold and ready to bounce. Now we just needed a little spark and up we go

    ReplyDelete
  9. UpMay 10, 2012 at 9:35 AM

    C

    AMZN is forming a cup and ready to blast

    ReplyDelete
  10. Stocks100May 10, 2012 at 9:43 AM

    Hi Up,

    Market will gradually go up.....only Fed can give spark...

    Saleem

    ReplyDelete
  11. cMay 10, 2012 at 10:04 AM

    Up

    Look at this chart for AMZN

    price target is $255 $$$$$$$$$$$
    http://www.stockta.com/cgi-bin/analysis.pl?symb=AMZN&cobrand=&mode=stock

    good luck
    MS is $15.78 close to your buy price
    market is basing here we may pop up a lot ( like whack a mole)
    smile
    C

    ReplyDelete
  12. UpMay 10, 2012 at 10:14 AM

    C

    I got my calls on AMZN when it hit 219. AND I already get back into MS at 15.60

    ReplyDelete
  13. cMay 10, 2012 at 10:16 AM

    Up

    your in the money
    wow

    v cool wish I had of done that !! amazon looks like it is ready and able to deliver for ya.....


    Saleem

    what happened to Coach

    ReplyDelete
  14. Stocks100May 10, 2012 at 10:33 AM

    Hi C,

    Coach is lying on a couch for a month.

    Saleem

    ReplyDelete