Today's trading was interesting, mixed with good news & not so good news.
Good news was victory of right wing party in Greece election, not so good news was, higher than 7% yield on Spanish bonds.
So.... indices started down in that cross-current, but many buyers were waiting for an entry into this market.
S&P 500 & Nasdaq closed green, while Dow was down.
S&P 500 high was 1348.22, closing @ 1344.78
RSI @ 56.15
Internals were mixed
52 wk highs were leading, 89 in NYSE & 74 in Nasdaq
Oil @ $83.27
Gold @ $1627.00
VIX tumbled 13.22% @ 18.32, as Greece premium came out immediately.
Stocks which were UP 2% or more included LNKD,LEN,
FB,CMG,PCLN,AAPL,AUY,ZNGA,JDSU,FNSR.....
AH ER ORCL UP 3.47%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, as the whole world is waiting on Fed to announce QE3, market may drift on Tuesday. All indices are maintaining green CMF & are getting close to 50 DMA, S&P 500 actually went above 50 DMA of 1347.39. IF this technical strength continues & builds on Tuesday we MAY end higher.
BLOG does NOT give buy or sell.
Saleem
10 comments:
SALEEM
Rocket man!!!!! Dow up $80
WOW what an open!!!!!
ERF, CNQ LINE are up
LEN is up again
SFL wants $15.25
best to all
thanks for your hard work Saleem
C
Hey Saleem,
Sold FDX @ 88.47 on lackluster results. Will look for another play now.
Stocktrader
Stocktrader
TRY:
LEN FCX POT
Good luck
C
Hey c,
I own LEN and MOS already :). I will likely wait for some kind of pullback to deploy the new funds, but yes, some kind of commodity play looks interesting here. I still have my eye on ACI.
Stocktrader
Hi C,
Thanks for your feedback, always appreciated.
Market looking good.....close should be strong$$$$$
Good luck with your chosen stocks.
Saleem
Hi Stocktrader,
Good move on FDX..guidance was weak.
Saleem
SALEEM
Made dinner $$ on SFL $168
thanks for that!!
My MS is doing a hat dance--finally..... lets see $16 ??
SCCO is coming back real slow some one get some --copper is not dead, by any means--SCCO settled the strike now maybe it can mint some more money
C
Lest
Hi C,
You have nailed SFL real good.
Saleem
Hey Saleem,
I decided to go with ETN @ 40.13. It's one that I've disregarded for quite a while, but I think it might be time now. I like the industrials here and would like to get a little more exposure.
Stocktrader
Hi Stocktrader,
ETN forward PE is 8..its @ lower end of the trading range....
Good luck.
Saleem
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