S&P 500 have been UP 3.6% from lows of four day's ago.
S&P 500 closed @ 1391.03
RSI @ 46.10
CMF @ -0.058
Internals were :
UP volume led by 2.20 to 1 in NYSE & 2.45 to 1 in Nasdaq
Advancing stocks led by 2.08 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk were mixed, UP 42 in NYSE & DOWN 2 in Nasdaq
VIX closed UP1.53% @ 15.31
Oil closed @ $87.38
Gold closed @ $1728.30
Stocks which were UP 1% or more included APKT,AMZN,
HMC,PANW,DNKN,EXPE,FFIV,AUY,GG,AEM,EGO,
RIMM,COH,CLF,FB,ZNGA,JDSU,CIEN,FNSR,SNDK,
ARNA,NVDA,X,BAC,BJRI,WYNN,IBN.....
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, world markets including Canada is open on Thursday. I expect this uptrend to strengthen when we go full session from Monday. It is important not to chase yesterdays superstars, other stocks are running away.
Enjoy Thanksgiving with friends & family.
PS.....Next post on Friday after US close which is half day in US, full day everywhere else.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
Agreed. We shrugged off a lot of bad news overnight to move higher today. I suspect the melt up continues for at least some more days. FIO was the subject of an IBM/SAP bidding war rumor to help move it today:
http://www.minyanville.com/buzz/buzzalert/fio-up-on-yet-another/11/21/2012/id/166035?camp=syndication&medium=portals&from=yahoo
Valuation of $3.4B is nearly a 50% premium to today's price. The portfolio did well again today gaining nearly 1.5% overall.
Enjoy the market break! :)
Stocktrader
Hi Stocktrader,
FIO has good speculative news while OCZ news was a disaster....
Good luck with FIO & your nice portfolio.
Saleem
S
your amazon is a monster
Congratulations
APPLE is a little ahead
Cheers
S
My BIDU is finally green again
lets see it the slow Stoc is right about stock price direction UP
My RNF is doing well
We ate lots of turkey--no I am not a turkey!
C
Hi C,
AMZN is resting for another takeoff on Monday..when online sales stat comes out...
But real monster is APKT today...
BIDU has found support around $92 area..worst case was $88......
I miss eating Turkey for many years......
Good luck with your portfolio...
Saleem
Hey Saleem,
I am looking very closely at STLD again. They target the automotive and energy areas which are both doing well in the US. They also benefit from the lower input costs of both iron ore and natural gas.
The chart is decent, especially when compared to other steel stocks. The short interest is surprisingly low at just 2.6% versus 27.6% for X--I consider this to be a vote of confidence from a notoriously skeptically-minded group.
Your thoughts?
Stocktrader
Hi Stocktrader,
STLD is performing relatively better in EPS trend & TAPE action.....so it is a BUY...
Saleem
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