Tuesday, November 20, 2012

Constructive close today......

Indices closed mixed with S&P 500 & Nasdaq in green & Dow down slightly.

S&P 500 closed @ 1387.81

RSI @ 44.68

CMF @ -0.057

Internals were :

UP volume led by 1.25 to 1 in NYSE & 1.05 to 1 in Nasdaq

Advancing stocks led by 1.27 to 1 in NYSE & .88 to 1 in Nasdaq

Net new 52 wk were mixed, +44 in NYSE & -23 in Nasdaq

VIX closed Down 1.05% @ 15.08

Oil closed @ $86.75

Gold closed @ $1723.60

AH News :

CRM UP 1.68%

CRUS UP 5.31%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE showed its resiliency for third day in a row despite comments from Fed Chief. TAPE is giving a clear signal that downside is contained for now & firm support has been established for this market. Today's TAPE was extremely impressive that BBY & HPQ effect lasted only till about 2 PM. For now all clear for Northbound TAPE.

BLOG does NOT give buy or sell.

Saleem

10 comments:

c said...

S

We may be week all day
As this is a pre holiday and Friday is 1/2 day trading

I may sell VZ as I got a nice profit in it......'

happy holidays to all
C

c said...

S

Karen Finerman, says apple is a buy here right now

She is buying more she says next stop in $600

Nuff said
c

Stocks100 said...

Hi C,

Market is fine & IS ignoring many negatives..Greece,Gaza, Bad earnings...pay attention to this reality....

Saleem

stocktrader_1996 said...

Hey Saleem,

Used my small amount of remaining cash to add to APKT at 18.14.

Stocktrader

Up said...

Hey guys

Anyone consider FB, very strong after lockup and currently it is trying to challenge the gap @24.15.

stocktrader_1996 said...

Hey Up,

You're right, there's a lot of strong technical signals, most notably the MACD fresh 4-month highs while the stock is trying to break out from these levels. It definitely looks good to challenge $27 soon.

Stocktrader

c said...

Hello UP

Good to see ya

here is stockconsultant take

Overall Summary: 15%, Bullish
85%, Bearish Trade Quality: Upside 30%, Poor
Downside 70%, Good Break Alerts: None

High trade quality is a combination of good profit, profit/loss ratio and target potential. Jump to trade section.

Best of luck to you on FB
c

Up said...

C

I am holding FB since 19. So I am not worry. Just want to point out something I see in this pattern. Normally, stock tend to fill it's gap, and gap is between 24 and 28. Hope for the best

Stocks100 said...

Hi Stocktrader,

Good luck with additional shares of APKT....it wants to go UP now....

Saleem

Stocks100 said...

Hi Up,

Good pick in FB..it is moving in the right direction.....huge lockup did not do anything negative....actually became positive....only on Wall Street

Saleem