Thursday, September 20, 2012

Impressive close today.......

Worldwide indices were down before open, but Dow managed to fight negativity & closed green.

 S&P 500 closed @ 1460.26

 RSI @ 70.00

 CMF @ 0.098

 Internals were :

 Down Volume led by 1.72 to 1 in NYSE & 1.36 to 1 in Nasdaq

 Declining stocks led by 1.54 to 1 in NYSE & 1.70 to 1 in Nasdaq

 Net new 52 wk highs were leading by 122 in NYSE & 61 in Nasdaq

 VIX closed UP 1.37% @ 14.07

 Oil closed @ $92.69

 Gold closed @ $1770.20

 AH Futures UP

 AH Asian Markets mostly UP

 AH Oil & Gold UP

 About market, today was another day that TAPE proved that trend is still UP. I am expecting a "strong day" on Option Expiry.

 BLOG does NOT give buy or sell.

 Saleem
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7 comments:

  1. cSeptember 21, 2012 at 5:34 AM

    SALEEM
    you be correct--- market is up

    lets see the close I can not believe that we have upside left in the market
    Cash is king and I am jumping to invest it

    I am excited to see how NSC does!
    LVS is ignoring FsatSlow Money!! up PM

    C

    ReplyDelete
  2. Stocks100September 21, 2012 at 6:15 AM

    Hi C,

    LVS was UP 2 cents AH also..after their nonsense analysis.....they never made it to any hall of fame only hall of SHAME......

    Good luck with your entry.

    Saleem

    ReplyDelete
  3. stocktrader_1996September 21, 2012 at 8:54 AM

    Hey Saleem,

    I'm tempted to sell MNST and pick up half more Z and half more PFPT to round out those positions. Any thoughts?

    Stocktrader

    ReplyDelete
  4. Stocks100September 21, 2012 at 9:04 AM

    Hi Stocktrader,

    From chart point of view that switch is a good idea.....Z & PFPT has more defined upside vs MNST chart which is on the verge of "death cross"

    Saleem

    ReplyDelete
  5. stocktrader_1996September 21, 2012 at 9:28 AM

    Hey Saleem,

    Ok, I sold MNST at 54.55 and added to Z at 45.23, PFPT at ~15.57 (still waiting on more at 15.60), and a little to WPRT at 26.98. I definitely feel good about this setup--thanks for the comments :).

    Stocktrader

    ReplyDelete
  6. stocktrader_1996September 21, 2012 at 10:03 AM

    Hey Saleem,

    I am especially excited about Z. Even with the sluggish housing market now, they are projected to really ramp earnings. I can't even imagine what they can do with a nice housing tailwind! :)

    Stocktrader

    ReplyDelete
  7. Stocks100September 21, 2012 at 10:22 AM

    Hi Stocktrader,

    I agree that Z should do well going forward.

    Saleem

    ReplyDelete