Indices were UP ahead of election.
S&P 500 @ 1428.39
RSI @ 49.32
CMF @ -0.074
Internals were :
UP volume led by 4.41 to 1 in NYSE & 1.79 to 1 in Nasdaq
Advancing stocks led by 2.41 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 11 in Nasdaq
VIX closed Down 4.18% @ 17.65
Stocks which were UP 1% or more included AMZN,BIDU,
CMG,AUY,TCK,EXPE,FFIV,CRUS,SNDK,AEM,GG,
EGO,YUM,SBUX,BWLD,X,STLD,SLW,MS,GS,C,
PCLN,LULU,FCX,MA,V,LRCX,MU,JDSU,FNSR,
MOS,MLNX,KOG,CLF,IBN......
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, Looks like Obama may win based on current math by NBC. Market may go into sell the news like last time. Any selling is a buying opportunity.Florida or Ohio holds the-key to the White House. I am constructive on market going forward as US economy & World economy is on the mend.
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteLooks like Obummer won! Ouch for the market and me.
America will pay big time... I am disappointed so much...... The negative adds killed hopes for Romney...
Market is down , Dow PM $130 down, Lest look for bargains.
As we say, lets get some!!!!!!!
I will get over my disappointment--takes time
C
Hi C,
ReplyDeleteLIFE moves on ..Time moves on....EVENT moves on......
Looking AHEAD is the right approach.
Good luck with your NEW focus...BUY the selloff
Saleem
Hey Saleem,
ReplyDeleteWow at that $VIX--better day ahead?
Stocktrader
Hi Stocktrader,
ReplyDeleteYou can can tell its the "machine" doing the talking today....
VIX saying "BULL".....
Saleem
S
ReplyDeletethanks for the kind words
Looking at RNF, LNCO, ARLP, PSEC
SFL if drops to $15.50
Ford is interesting too
Did you make any buy decisions??
C
Hi C,
ReplyDeleteNO...no buys today....
Trying to survive this selloff.
Saleem
Hey c/Saleem,
ReplyDeleteI'm looking at fertilizers too on the AGU miss. I'm not sure what I want to do yet, but POT, MOS, AGU, CF, RNF all have potential I think.
I'm also looking at JJC on improved housing, continued easy money, China stabilization/regrowth.
My favorite insurer, PRU, is also reporting after the bell, but this democratic victory has me nervous to step in there.
Actually, AAPL has some appeal to me also here. They could definitely do a special dividend or something by year end on top of getting nicely cheaper now.
Stocktrader
Hey c,
ReplyDeleteI also ended up buying TM yesterday (to go along with your F idea). I like cars here--they seem to be doing better than expected in these sluggish times and the Chinese consumer is such a huge market still. GM could be on the radar too.
Stocktrader
Hi Stocktrader,
ReplyDeleteI personally will wait till China & India are closer to signing a deal for potash....
All Potash related stocks are drifting lower towards their support..
POT @ $37 is a buy.....
Saleem
Hey Saleem,
ReplyDeleteSurely if we wait until then it will be too late? But yes, I realize the slow developments on that front. For some reason I feel the fertilizer purchases will be made earlier this year to ensure good crop yields.
Stocktrader
Hi Stocktrader,
ReplyDeleteGenerally there are development in talk sequence which gives you hint as to what price range of potash being debated......that will be the time for me.....
Saleem
Hey Saleem,
ReplyDeleteOk, I'll hold off on the potash players then. I decided to buy CF at 201.95. Continued low nat gas and massive cash flows allow this company to continue to print money and buy back stock.
Stocktrader
Hi Stocktrader,
ReplyDeleteFirst of all congratulation on GGC huge move UP today....
Good luck with CF...a great trading stock $$$$$
Saleem
Hey Saleem,
ReplyDeleteThanks for GGC props! :)
When I saw the earnings last night, I noticed the nice increase in margins despite the large revenue miss. As housing recovers even more next year, they will make tons of money on the increasing revenue base.
GGC (and APKT) have helped the portfolio remain down <1% which is appreciated today.
Stocktrader
Hi Stocktrader,
ReplyDeleteIn real time Quote i am down 1.27%...
Saleem
Hey Saleem,
ReplyDeleteThe currency markets are quite tame right now...looking for contrary indicators...
Stocktrader
Hi Stocktrader,
ReplyDeleteYES..currency is a mixed bag with Swiss Franc & Canadian $ going down against US$......
DOW is currently down 361 points....
Saleem
Hey Saleem,
ReplyDeleteI use the NZD/JPY as my primary risk indicator and it has been nearly flat for the last 2 hours even as this selloff has strongly intensified. I hope this signals a better close.
Stocktrader
Hey Saleem,
ReplyDeleteI was late in my research this morning and just found this nugget--pretty lucky:
08:46 EDT CF Industries price target raised to $320 from $305 at Susquehanna
Stocktrader
Hi Stocktrader,
ReplyDeleteI think market saw its low already....
I am down now 1.63% vs 1.96% @ low...
Saleem
Hi Stocktrader,
ReplyDeleteYou are making $ in CF already....price target hike is NICE !!!
Saleem
S
ReplyDeleteI bought RNF at $38.20...
I keep BGS for now
RVBD is slammed BIDU is going back up--hurray
Fertilizer is a safer play RNF pays 10% -- goodie
best to all
C
Hi C,
ReplyDeleteGood luck with RNF....
RVBD is weak....
Saleem