Wednesday, June 6, 2012

Dow, Nasdaq & S&P 500 closed @ absolute high of the day....NICE !!!!

Today was a rarity in Wall Street, all indices closed @ absolute high of the day...fractions included.

Volume was higher than recent UP day's.

Indices were UP 2.3% to 2.4%

S&P 500 closed @ 1315.13

Internals were :

UP volume led by 12.07 to 1 in NYSE & 14.46 to 1 in Nasdaq

Advancing stocks led by 6.96 to 1 & 5 to 1 in Nasdaq

New 52 wk highs were in the lead, 54 in NYSE & 34 in Nasdaq

VIX closed Down 10.21% @ 22.16

Oil closed @ $85.02

Gold closed @ $1634.20

Stocks which were UP 2% or more included LVS,LEN,JCP,
TIF,M,APKT,CLF,FCX,TCK,CMG,PCLN,AMZN,FB,
STLD,SU,NTES,MA,V,ZNGA,LRCX,MU,BRCM,
JDSU,CIEN,FNSR,C,SNDK.....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, today bulls had the lowest percentage in the last 22 months, & right on cue we went UP the-most in 2012. Adami who was sure of 1205, NOW insisting that we have only 5 more points on this UP move. Being RIGHT is not his talent.I think we go UP near 50 DMA in this run.

BLOG does NOT give buy or sell.

Saleem

8 comments:

stocktrader_1996 said...

Hey Saleem,

There's the Chinese interest rate cut. S&P futures jumped 10 points on the news. More to come in the months ahead I'm sure.

Market shaping up nicely again today...watch out for Bernanke initial disappointment, but then rebound on no direct QE talk but "we're watching and ready".

Stocktrader

Stocks100 said...

Hi Stocktrader,

YES...BB testimony will be interesting.

Market looking good.

Saleem

c said...

Saleem
Looks like the blog covered all issues as far as I can see..

Spain and Greece are quite for now???

Lets make some $$$$$$$$$
PM up $61, BDI is down $6. GOLD and Copper are up!
J Cramer says buy GLD and AUY?

as of 8:50AM

BLTA,
the Master Sarge says have a good en
C

Stocks100 said...

Hi C,

Thanks for your feedback.

Today is the day for more $$$.

Saleem

c said...

Saleem

Yahza

Look at LVS-it is a rocking for you today!

Any catalyst going for it?

BIDU is smoking I guess that the APLPLE news of having BIDU as it iPhone search engine is driving it higher
the AG's may go higher with the news of AGU divi increase?

C

Stocks100 said...

Hi C,

LVS is going UP, because it was beaten down big time....what goes down must come UP.

Saleem

stocktrader_1996 said...

Hey Saleem,

CMI is probably a great buy here with all the problems over at NAV and a truck market that continues to roll on.

Stocktrader

Stocks100 said...

Hi Stocktrader,

I do not follow CMI..but i do see it is UP nicely today.

Saleem