Tuesday, March 26, 2013

Indices closed UP .53% to .78%.....NICE !!!!

Indices closed UP as Cyprus went into history of financial events.

S&P 500 @ 1563.77

RSI @ 62.25

CMF @ 0.330

Internals were :

UP volume led by 2.65 to 1 in NYSE & 1.81 to 1 in Nasdaq

Advancing stocks led by 2.25 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new 52 wk highs were leading by 236 in NYSE & 120 in Nasdaq

VIX Down 7.06% @ 12.77

Oil @ $96.34

Gold @ $1595.70

Stocks which were UP 1% or more included BBRY,
EBAY,AMZN,LVS,WYNN,MA,V,QCOM,MS,
MON,X,STLD,MGA,KOG,IBN.....

AH Futures UP

AH Asian Markets UP

AH Gold UP

AH Oil Down

About market, TAPE got back to going UP after many panicked & sold on Cyprus crisis. It is important not to be swayed by CNBC frenzy & lose sleep over nothing. It pays to have your own analysis of each event.S&P 500 is all set to go into uncharted territory & hopefully we will see higher highs.

BLOG does NOT give buy or sell.

Saleem

9 comments:

stocktrader_1996 said...

Hey Saleem,

Sold MS @ 22.091 to raise some cash.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Its Italy today.....

Pruning is a good idea.

Saleem

stocktrader_1996 said...

Hey Saleem,

I actually think today will end up fine so I might reallocate quickly.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Your hunch may be spot on.

Good luck with reallocation.

Saleem

stocktrader_1996 said...

Hey Saleem,

I'm pretty disappointed with how BSFT worked out. That extra day cost me $2...now I have to figure out if this is still a sell area.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

I did some further looking and BSFT still looks fine here. If I had to choose, I'd actually probably add instead. Regardless, I'm more comfortable about the prospects and the price action today is less worrisome.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Volume is extremely low in BSFT.

RSI is 47.06....

Saleem

stocktrader_1996 said...

Hey Saleem,

Added some more MRIN at 16.902. I just think the upside is very high from here and analyst initiations could be $20+ PTs. It is also an acquisition target at any time.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with MRIN...

Saleem