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.
Hey Saleem,
ReplyDeleteToday'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
Hi Stocktrader,
ReplyDeleteI 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
Hey Saleem,
ReplyDeleteI 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
SALEEM
ReplyDeleteDid 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
Hi Stocktrader,
ReplyDeleteYES..LEN had great ER...
cc @ 11 AM......
Saleem
Hi C,
ReplyDeleteCNBC gurus are extremely downbeat near lows...Jimmy the Cramer has been harping Sell, Sell Sell tech.....
LEN looking good$$$$$$
Saleem
Hey Saleem,
ReplyDeleteSold 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
Hey Saleem,
ReplyDeleteBought 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
Hi Stocktrader,
ReplyDeleteSold LEN & added LVS & JCP.
Good luck with your switch.
Saleem
Hey Saleem,
ReplyDeleteGood luck with yours as well! So many stocks at attractive values right now if you can get past the macro picture...:)
Stocktrader
Hey Saleem,
ReplyDeleteI 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