Monday, December 10, 2012

Indices closed UP .03% to .30%......NICE !!!!

Indices just about ignored Italy & closed slightly higher.

 S&P 500 closed @ 1418.55

 RSI @ 56.77

 CMF @ 0.191

 Internals were :

 UP volume led by 1.15 to 1 in NYSE & 2.07 to 1 in Nasdaq

 Advancing stocks led by 1.25 to 1 in NYSE & 1.37 to 1 in Nasdaq

 Net new 52 wk highs were leading by 55 in NYSE & by 14 in Nasdaq

 VIX closed UP .94% @ 16.05

 Oil closed @ $85.56

 Gold closed @ $1714.40

 Stocks which were UP 1% or more included JCP,
APKT,CMG,MLNX,POT,YHOO,FFIV,SNDK,
AEM,FCX,TCK,RVBD,BIDU,CLF,LNKD,
GMCR,FB,LRCX,MU,JDSU,CIEN,FNSR,
ARNA,NVDA,MOS,MCD,SLW,CCJ,
QIHU,MGA,KOG......

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil & Gold Down

 About market, TAPE is telling us that Fiscal Cliff is coming to a resolution soon @ your TV channel. Any leak of impending agreement will send this market into a major jump. Stay with your picks as market will reward most good stories fundamental or technical.

 BLOG does NOT give buy or sell.

 Saleem
at

7 comments:

  1. stocktrader_1996December 10, 2012 at 7:36 PM

    Hey Saleem,

    It was one of my best moves in a while to pick up WLT that late in the day below unchanged and then see such a great surge. It helped offset some weakness in FIO, PANW, CRUS.

    The market looks extremely strong and each day gone by leaves less tax gain selling to happen. A great move lies ahead in my opinion.

    Stocktrader

    ReplyDelete
  2. Stocks100December 11, 2012 at 7:27 AM

    Hi Stocktrader,

    YES...your timing was PERFECT on WLT.....we all need that once in a while.....

    Got up around 10 AM today...a record for working day.....

    Saleem

    ReplyDelete
  3. UpDecember 11, 2012 at 7:34 AM

    Saleem

    I am buying some PANW for year end play. At this level, I think reward outweight risk. Banks rally hard last week and left GS trailing. To me GS is a great play at this level as well. Finally cloud stock woke up, just look at VMW and CMR.

    ReplyDelete
  4. Stocks100December 11, 2012 at 7:38 AM

    Hi Up,

    PANW has been & IS weak......TAPE tells the story sometimes more clearly......

    I suggest follow any idea which IS showing strong TAPE today......

    Saleem

    ReplyDelete
  5. UpDecember 11, 2012 at 7:49 AM

    Saleem

    It is truth that PANW is week stock, but there is a saying when nobody want it, it is time to get it for yourself. I think it is capable of getting back to 54 levels before month end.

    ReplyDelete
  6. Stocks100December 11, 2012 at 7:55 AM

    Hi Up,

    Another weak stock which IS doing well today is CRUS......

    Saleem

    ReplyDelete
  7. stocktrader_1996December 11, 2012 at 9:04 AM

    Hey Saleem,

    Trimmed some GWAY (was my largest) due to tax selling speculation and bought more WLT at 35.48. I really like WLT's prospects.

    Stocktrader

    ReplyDelete