Tuesday, June 26, 2012

Indices closed green......NICE !!!!

Indices closed  UP from .26% to .63%

S&P 500 closed @ 1319.99

RSI @ 46.88

Internals were :

UP volume led by 1.89 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 1.77 to 1 in NYSE & 1.34 to 1 in Nasdaq

New 52 wk lows were leading by 1 in NYSE & 12 in Nasdaq

VIX closed Down 3.24% @ 19.72

Oil closed @ $79.36

Gold closed @ $1574.90

Stocks which were UP 3% or more included NTES,LEN,
KORS,LNKD,FB,VECO......

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, expectations for EU meeting is very low. Market wants to go higher & will move UP on any excuse. Any positive surprise from EU meeting will propel this market higher. Stay with your OWN conviction & game plan, odds are in favor of a move UP.

BLOG does NOT give buy or sell.

Saleem

11 comments:

stocktrader_1996 said...

Hey Saleem,

Today's action felt very bad at times--like we could fall apart at any second. Also, there seemed to be no reason to buy with so much event risk and developing bad situations around the world.

If I didn't have my action plan today, I might have sold out--it was that scary! I'll be interested to see the investor confidence numbers when they are posted.

I'm currently doing some research on SPLK. There's been some good articles on Big Data recently. It's now on my watch list, but I feel a bit tech heavy at the moment. Also, I'd like to get back into PFPT sooner rather than later--hopefully I get a pullback in that stock to not make the buy sting so much from where I sold.

Until tomorrow...:)

Stocktrader

Stocks100 said...

Hi Stocktrader,

I am very confident near lows....as i feel that surprise will be on the positive side.....but i am a Taurus..the super optimistic sign.

Saleem

stocktrader_1996 said...

Hey Saleem,

I am positive also based on chart, highly negative sentiment, and very low expectations. It was just obvious yesterday how people without plans can get caught up in the emotion of the moment and do the exact wrong thing.

Great earnings from LEN today--I'm glad I rounded out my position yesterday to full! :)

Stocktrader

c said...

SALEEM

Did CNBC have a good drum roll???

Looking at AMZN and SFL
SDRL is way over sold it is down 20%
WOW LEN up 3.75% premarket

Have a good en
C

Stocks100 said...

Hi Stocktrader,

YES..LEN had great ER...

cc @ 11 AM......

Saleem

Stocks100 said...

Hi C,

CNBC gurus are extremely downbeat near lows...Jimmy the Cramer has been harping Sell, Sell Sell tech.....

LEN looking good$$$$$$

Saleem

stocktrader_1996 said...

Hey Saleem,

Sold CMI at 89.63 because of low expectations into the quarter (making me think I can get it back more cheaply) and bad price action today. I'm looking at an entry on SPLK.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Bought the SPLK at avg 28.26268--a little higher than I wanted, but the buying interest seems good today and I didn't want to miss it.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Sold LEN & added LVS & JCP.

Good luck with your switch.

Saleem

stocktrader_1996 said...

Hey Saleem,

Good luck with yours as well! So many stocks at attractive values right now if you can get past the macro picture...:)

Stocktrader

stocktrader_1996 said...

Hey Saleem,

I might also have sold LEN at the 29+ levels if I wasn't locked in for two more days due to my buy yesterday. I might still get that chance?

Stocktrader