Thursday, November 29, 2012

Indices closed UP .28% to .68%......NICE !!!!

Indices were given Washington political jolt but recovered nicely.

 S&P 500 closed @ 1415.95, high today was 1419.70

 RSI @ 55.72

 CMF @ +0.064

 Internals were :

 UP volume led by 3.09 to 1 in NYSE & 2.55 to 1 in Nasdaq

 Advancing stocks led by 2.58 to 1 in NYSE & 2.73 to 1 in Nasdaq

 Net new 52 wk highs were leading by 151 in NYSE & 48 in Nasdaq

 VIX closed Down 2.9% @ 15.06

 Oil closed @ $88.07

 Gold closed @ $1727.20

 In my portfolio :

 Sold AMZN

 Sold CF

 Doubled my position in AUY @ $18.96

 Portfolio is KORS,JCP,AUY, RIMM ( calls expiring Friday)

 Exposure 48%

 Stocks which were UP 1% or more included RIMM, AMZN,CF,
TCK,CRUS,HMC,AAPL,FFIV,AEM,PCLN,FCX,GOOG,
PANW,FB,ZNGA,MU,CIEN,FNSR,QCOM,MOS,
STLD,CCJ,MGA,BJRI,AGU,IBN.....

 AH News :

 ZNGA Down 12.60%

 SPLK UP 2.07%

 AH Futures Mixed

 AH Asian Markets UP

 AH Oil & Gold Down

 About market, Indices are struggling near resistance thanks to our politicians. Friday is Option Expiry thus volatility may increase. I may wait till Monday to add to my portfolio unless price is very right. I am keeping a close eye on stocks RSI for my sell & buy decision. Some stocks are getting stronger & may be bought for quick trade.

 BLOG does NOT give buy or sell.

 Saleem

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6 comments:

  1. stocktrader_1996November 30, 2012 at 5:28 AM

    Hey Saleem,

    The SPLK conference call was really positive. It certainly seems like their high growth rate should be maintained for a while based on high adoption of new products both at new and existing customers. Additionally, I think the traction they are gaining in the marketplace makes them a better takeover candidate than before. I think the high-profile shorts have this one wrong for now...

    Stocktrader

    ReplyDelete
  2. Stocks100November 30, 2012 at 5:40 AM

    Hi Stocktrader,

    Shorts are right 50% of the time, but when they are right they make up for all losses.

    SPLK cc is a better reflection of its business trend as they have to answer all the analysts question.

    Good luck !!!

    Saleem

    ReplyDelete
  3. stocktrader_1996November 30, 2012 at 8:54 AM

    Hey Saleem,

    I trimmed a little APKT at 19.90 to buy some SPLK at 30.15. Based on the conference call and the nice intraday reversal, I want more exposure to SPLK. The APKT chart is a little daunting so I unwound the overweight.

    Stocktrader

    ReplyDelete
  4. Stocks100November 30, 2012 at 9:00 AM

    Hi Stocktrader,

    Follow your instinct......best guide !!!

    The trader in me took over...bought TCK & LEN......

    Exposure 68%

    Saleem

    ReplyDelete
  5. stocktrader_1996November 30, 2012 at 9:05 AM

    Hey Saleem,

    TCK looks great! The chart is really looking strong and I think China may add some stimulus soon. As for LEN, I'm not so sure based on chart and valuation, but you've had such great timing on it before that I wouldn't dare question that!

    Stocktrader

    ReplyDelete
  6. Stocks100November 30, 2012 at 9:15 AM

    Hi Stocktrader,

    Thanks for your thumbs UP on TCK & thumbs DOWN on LEN......

    I had positive trade with these two ...

    Lets see how it goes this time.....

    Saleem

    ReplyDelete