Indices staged a remarkable recovery into close again.
Indices were +05 to to <.20%>
S&P 500 closed @ 1404.11
RSI @ 63.75
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.44 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & 1.26 to 1 in Nasdaq
New 52 wk highs were leading by 48 in NYSE & by 4 in Nasdaq
VIX tumbled 7.06% @ 13.70, low was 13.67 came close to 52 wk low of 13.66
Oil closed @ $92.73
Gold closed @ $1612.60
AH ER GRPN Down 19.74%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, by close TAPE gave a clear message that it has lot of buying momentum still. Even CMF ticked UP to 0.138. S&P 500 made a higher low also from Friday. I am still planning to do major selling, once i feel that we are hitting resistance. This becomes subjective & is TAPE driven.
BLOG does NOT give buy or sell.
Saleem
14 comments:
Hello to all
Good morning Saleem
I sold my AUY yesterday as I was 50% over exposure....Now I am at 21% in my cash account
IRA I can not leverage.
Still working on changing brokers!
I have 4 income funds that I like a lot
the rest of money is in equities.
Still own CNY, MS, APPL and BIDU
APPLE may be ready for a huge breakout
Dunno but it keeps me in the game buy price was $606
Lets giddy up BIDU!! show us the money
C
Hi C,
You know what to do about your strategy in terms of exposure.
AAPL is doing very well .....
Saleem
SALEEM
thanks for your kind reply
BIDU is mean and green again
Rock on!!!!!!!!
It is 90degrees here!!!!!!
C
Hi C,
BIDU is marking time for next move UP....
Saleem
Hey Saleem,
Sold NOW at $33.19025 avg. I felt it had run enough for now, especially with the lack of short interest to drive further upside.
Stocktrader
Hi Stocktrader,
NOW was a "stunning performer for you"...great pick it was.....
Saleem
Hey Saleem,
Thanks!
Now if only I could figure out CLF and PANW. They are both looking horrible today.
Stocktrader
Stocktrader
Oh heck buy some APPLE --why don't you
:):) so far I am up 5%
Or try SDRL that is going to pop I know it will!!!!!!!
Do not buy my loser ERF
best of Luck
Hey c,
AAPL has been fantastic! As soon as the iPhone 5 launch was "confirmed" for Sept (Q3) instead of Oct (Q4), the stock has been on a tear because suddenly this quarter's earnings are going to look great! :)
I'm actually starting to sell some of my other stocks though. Something just doesn't seem right in the market.
Stocktrader
Hello
most propel are a lot smarter then I
IMHO, as the market sentiment become more positive thinking the market has gone up
now we are all leaning to a negative bias--Not so
yet
we got more life coming
But timing the market was never my strong suit
I did sell my AUY as I had to reduce exposure too,
I got negative vibe that says market is over bought!!!!! What us go higher
Thanks for your APPLE comments but hte iTV is coming soon and that with the iPad mini coming this will push earnings higher too
Hey Saleem,
I've also sold GWAY, ADNC, SPLK, and PANW today. I'm really trimming back...
Stocktrader
Hey Saleem,
Also sold the CLF and SWKS. I'm on restriction for ELOQ and FIO until tomorrow. I'll probably sell the PFPT, but I'm waiting to see if something interesting happens today.
Stocktrader
Hi Stocktrader,
Your strategy is well defined...its all about comfort level.
Saleem
SALEEM
GOTTA travel
CAtch you all tomorrow
C
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