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

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10 comments:

  1. cNovember 21, 2012 at 5:17 AM

    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

    ReplyDelete
  2. cNovember 21, 2012 at 6:39 AM

    S

    Karen Finerman, says apple is a buy here right now

    She is buying more she says next stop in $600

    Nuff said
    c

    ReplyDelete
  3. Stocks100November 21, 2012 at 7:03 AM

    Hi C,

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

    Saleem

    ReplyDelete
  4. stocktrader_1996November 21, 2012 at 7:04 AM

    Hey Saleem,

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

    Stocktrader

    ReplyDelete
  5. UpNovember 21, 2012 at 7:14 AM

    Hey guys

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

    ReplyDelete
  6. stocktrader_1996November 21, 2012 at 7:19 AM

    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

    ReplyDelete
  7. cNovember 21, 2012 at 7:22 AM

    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

    ReplyDelete
  8. UpNovember 21, 2012 at 7:31 AM

    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

    ReplyDelete
  9. Stocks100November 21, 2012 at 7:49 AM

    Hi Stocktrader,

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

    Saleem

    ReplyDelete
  10. Stocks100November 21, 2012 at 8:16 AM

    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

    ReplyDelete