Indices closed UP on renewed hope for agreement.
S&P 500 closed @ 1386.89 @ the highest level of the day.
RSI @ 44.29
CMF @ -0.132
Internals were :
UP volume led by 14.23 to 1 in NYSE & 6.76 to 1 in Nasdaq
Advancing stock led by 7.52 to 1 in NYSE & 3.68 to 1 in Nasdaq
VIX closed down 7.13% @ 15.24
Oil @ $86.67
Gold @ $1734.40
Net new 52 wk stat were mixed +32 in NYSE & -29 in Nasdaq
Stocks which were UP 2% or more included JCP,CF,
AAPL,YHOO,SU,CMG,CRUS,AEM,GG,LULU,
FCX,GOOG,PANW,LVS,RIMM,COH,LNKD,
MA,V,GMCR,BRCM,JDSU,FNSR,C,ARNA,
NVDA,MOS,SINA,BAC,MS,MLNX,KOG,
GS,AGU,SBUX,X,STLD,EGO,SLW....
AH ER QIHU UP4.98%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, we had a follow up gain which is a technical confirmation of this UP move. Today's gain was very strong which may need some digestion or sideways move. Sentiment has improved for further gain. Buy strong stocks on any negative move.
BLOG does NOT give buy or sell.
PS...my brothers wife could not survive her fight with life, she passed away around 5 PM est. Thanks for your prayers.
Saleem
11 comments:
Hey Saleem,
My condolences to you and your family.
Stocktrader
Hi Stocktrader,
Thanks for your condolence.
Its tough to accept sudden death of a 51 year old......
Saleem
Hey Saleem,
Bought PRU 49.48835. I'm a little nervous about the landscape for "financials" under Obama, but this company is dead cheap and levered to a stock market rebound.
Stocktrader
Hi Stocktrader,
PRU is @ attractive price based on its 52 wk range.
Good luck with PRU....
Saleem
SALEEM
I am hurt and shocked at har young age 51
I got cancer at 60 and it was the fight of my life
as you know I suffered greatly
Please accept my condolences--let me know if a card or something is the thing to do?
I say buy APLLE today on weakness
SOLD my BGS for dinner money
--now I got some cash in the IRA
My cash account at 110% investment level!!!
My wife say BIDU is a buy --as China will settle into new leaders and economy will bounce??
Dunno,
best to all
C
Hi C,
Your word of sorrow is more than enough for me.....yes 51 yrs & this tragedy is troubling.
We all have challenges in our life, how we take care of it makes a big difference. You have fought your battles with grace & determination.
QIHU technicals are much better.
Saleem
Hey Saleem,
Bought TM at 82.74 this morning before I left for my second commitment this morning. I didn't have time to post it then. The weakening yen, improving car sales (along with some Sandy replacement), and good technology at TM make this an attractive investment for the medium-long term in my opinion.
Stocktrader
Hi Stocktrader,
TM thesis should pan out.
I have been looking closely @ HMC as their new Accord is stunning.
Saleem
Hey Saleem,
Interesting! I never even considered HMC, but it sounds like the same general catalysts.
Stocktrader
Hi Saleem,
Please accept my deepest condolence to you and your family in the great loss of your sister-in-law. Life is so short.
Michael
Hi Michael,
Thanks for your message.
Saleem
Post a Comment