Indices closed UP, after many bout of profit taking.
S&P 500 closed @ 1376.51
RSI 61.18
Internals were :
UP volume led by 1.08 to 1 in NYSE & 1.70 to 1 in Nasdaq
Advancing Stocks led by 1.07 to 1 in NYSE & .76 to 1 in Nasdaq
New 52 wk highs were leading, 176 in NYSE & 76 in Nasdaq
VIX closed Down 4.39% @ 15.45..lowest level in a long while.....
Oil closed @ $92.66
Gold Closed @ $1580.40
AH ER :
AMD Down 3.09%
ISRG Down 4.17%
CMG Down 12.22%
MSFT UP 2.14%
GOOG UP 2.69%
SNDK UP 11.14%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, market is showing tremendous strength back to back in 3 out of 4 days. There is inflow in equities. Earning reports are mixed, but reactions are surprising, some positive on bad news.Market is in a forgiving mood. It is important to follow the TAPE, to benefit from this "burst of enthusiasm"
BLOG does NOT give buy or sell.
11 comments:
Hey Saleem,
Bought some PANW at 55.20. This is really the leading edge of network security. I plan to add more later.
Stocktrader
Hey Saleem,
Bought another half at 55.20 again to round out the position.
Stocktrader
Hi Stocktrader,
This IPO came out today...
I have to do some DD on it.
Good luck with PANW.
Saleem
Hey Saleem,
Yes, it did come public today. I've been watching its development for months, so I was very well prepared.
Stocktrader
Saleem
Good Morning to you and all bloggers
Sold SFL for $135 profit. Itchy finger==Moi!
Bought some AUY 200 shares--we may be early on Christmas move on up! Dunno
Thanks for info on MS
market seems to want to make a come back--green any one
C
Hi C,
Good move in selling your fav SFL & buying AUY...
Close Green....is what i say.
Saleem
Hey Saleem,
I sold NUAN after it acted horribly during this last runup, and is now breaking down again even with quite a few other NASDAQ stocks doing ok today. I'm starting to think something's going surrounding that company. I'd much rather buy a better acting stock.
Stocktrader
Hi Stocktrader,
Volume is average in NUAN....maybe malaise before ER....
Anyway, IF you are not happy with TAPE..then its time to move on..i do not follow NUAN @ all..just gave a quick glance now.
Saleem
Hey Saleem,
Too often I ignore my gut feeling when something doesn't seem right and I get burned later. At the very least, even if nothing bad happens, I feel better selling!
Stocktrader
Hi Stocktrader,
I agree..gut is a better indicator of many things including "discomfort in owning some stocks"
Being comfortable is an reward in itself.
Saleem
SALEEM
Sold Line for a small profit
Looking at NYB or more SFL or LLY
best to all
C
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