Indices closed UP by .02% to .52%. Dow made the highest close since Dec 2007.
S&P 500 closed @ 1433.56
RSI @ 64.84
CMF 0.120
Internals were :
UP volume led by 3.11 to 1 in NYSE & 1.42 to 1 in Nasdaq
Advancing stocks led by 2.06 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & 64 in Nasdaq
VIX closed UP .8% @ 16.41
Oil closed @ $97.17
Gold closed @ $1734.90
Stocks which were UP 1% or more included EXPE,SNDK,TCK,
JCP,CLF,PCLN,MA,V,GMCR,FB,JDSU,FNSR,C,DNKN,
YUM,AGU.....
AH Futures UP
AH Asian Markets UP
AH Gold UP
AH Oil Down
About market, German courts on Wednesday, should give its blessing to Germany's role in ECB financing.Thursday, Fed should "improve their language" in their statement. All this should be a positive catalyst for the market. I suggest stay engaged till we see a defined reversal in the market.Near 1500 we may see hesitation.
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hey Saleem,
After two days of rest and German court uncertainty removed, I look forward to a good day tomorrow. I am definitely more worried about Thursday and a lose/lose Fed scenario. Also, after the bell tonight, TXN's mid-quarter update was not very inspiring, and pre-announcements from STLD, PCAR, and XRTX (which caused weakness in NTAP?) were rough.
I'm certainly nervous here after such a long, good run. I'm making my "to-sell" list tonight although I'm always more hesistant to do it than think about it!
Stocktrader
Stock-man
I keep saying that it is not over till the fat lady sings
PM DOW up +$40...
APPLE took a little hit may drop some tonight or do a pop after announcement like it always does.
I say get some on any weakness
VBTA
C
Hi Stocktrader,
Nothing wrong in having a sell strategy.
It is all about your own comfort level & execute accordingly.
Good luck in your hour of decision.
Saleem
Hey Saleem,
Sold YELP at $26.34222 and FIO at $28.49. YELP is losing the catalyst today (AAPL maps), and FIO has really struggled the last couple of days as well as the XRTX warning (although probably not serious, still a sentiment thing a little).
I'll be looking for more opportunities to sell as they arise.
Stocktrader
Hi Stocktrader,
Good move with your reasoning on YELP & FIO.
Saleem
Saleem
Excellent call on APPLE
Generally on iphone launch day...AAPL goes UP, then starts to fade into announcement ...then sharp down...then some recovery....that is the trend based on past launch.....
BUT it can change its pattern ..just to prove me wrong......
You the man!!!
We now have an upgrade at $1,600.
they claim new products launches and 50 million sales of new iPhone
wow
comments
C
Hi C,
AAPL pattern is down after new iPhone.
I will wait a week after today for a new UPtrend to emerge.....i may join you then.
Saleem
Saleem
thanks again for you take on APPLE--yes we can buy some next week as I got funds from SFL
WOW
who knew that this action would be like this
So much excitement -- abound apple almost a halo effect....
PS:
Sold SFL for a 1 bagger on a hold of 10days--not to shabby?
thanks to all for great blog
C
Hi C,
Perfect trade on SFL again.....
Saleem
Saleem
Watching the APPLE news release on CNBC
quite an eye opener they are executing on all CYLINDERS
the new iPhone may be the mother of all phone releases!
so far it is blowing the socks off the competition. Better battery- bigger 4 inch -faster- 20% lighter
Power to all
VBTA
C
Hi C,
Yes iPhone5 is 20% lighter...even a senior citizen like me can carry it easily........
BUT WAIT for technicals to stabilise..before jumping in....
Saleem
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