Monday, August 13, 2012

Indices closed mixed......

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
at

14 comments:

  1. cAugust 14, 2012 at 5:25 AM

    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

    ReplyDelete
  2. Stocks100August 14, 2012 at 5:40 AM

    Hi C,

    You know what to do about your strategy in terms of exposure.

    AAPL is doing very well .....

    Saleem

    ReplyDelete
  3. cAugust 14, 2012 at 6:55 AM

    SALEEM

    thanks for your kind reply
    BIDU is mean and green again
    Rock on!!!!!!!!

    It is 90degrees here!!!!!!

    C

    ReplyDelete
  4. Stocks100August 14, 2012 at 6:57 AM

    Hi C,

    BIDU is marking time for next move UP....

    Saleem

    ReplyDelete
  5. stocktrader_1996August 14, 2012 at 7:52 AM

    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

    ReplyDelete
  6. Stocks100August 14, 2012 at 7:55 AM

    Hi Stocktrader,

    NOW was a "stunning performer for you"...great pick it was.....

    Saleem

    ReplyDelete
  7. stocktrader_1996August 14, 2012 at 7:58 AM

    Hey Saleem,

    Thanks!

    Now if only I could figure out CLF and PANW. They are both looking horrible today.

    Stocktrader

    ReplyDelete
  8. cAugust 14, 2012 at 8:27 AM

    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

    ReplyDelete
  9. stocktrader_1996August 14, 2012 at 8:36 AM

    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

    ReplyDelete
  10. cAugust 14, 2012 at 8:59 AM

    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


    ReplyDelete
  11. stocktrader_1996August 14, 2012 at 9:18 AM

    Hey Saleem,

    I've also sold GWAY, ADNC, SPLK, and PANW today. I'm really trimming back...

    Stocktrader

    ReplyDelete
  12. stocktrader_1996August 14, 2012 at 9:41 AM

    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

    ReplyDelete
  13. Stocks100August 14, 2012 at 9:58 AM

    Hi Stocktrader,

    Your strategy is well defined...its all about comfort level.

    Saleem

    ReplyDelete
  14. cAugust 14, 2012 at 10:37 AM

    SALEEM

    GOTTA travel

    CAtch you all tomorrow
    C

    ReplyDelete