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
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9 comments:

  1. stocktrader_1996March 27, 2013 at 7:14 AM

    Hey Saleem,

    Sold MS @ 22.091 to raise some cash.

    Stocktrader

    ReplyDelete
  2. Stocks100March 27, 2013 at 7:20 AM

    Hi Stocktrader,

    Its Italy today.....

    Pruning is a good idea.

    Saleem

    ReplyDelete
  3. stocktrader_1996March 27, 2013 at 7:28 AM

    Hey Saleem,

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

    Stocktrader

    ReplyDelete
  4. Stocks100March 27, 2013 at 7:38 AM

    Hi Stocktrader,

    Your hunch may be spot on.

    Good luck with reallocation.

    Saleem

    ReplyDelete
  5. stocktrader_1996March 27, 2013 at 8:25 AM

    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

    ReplyDelete
  6. stocktrader_1996March 27, 2013 at 8:53 AM

    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

    ReplyDelete
  7. Stocks100March 27, 2013 at 9:04 AM

    Hi Stocktrader,

    Volume is extremely low in BSFT.

    RSI is 47.06....

    Saleem

    ReplyDelete
  8. stocktrader_1996March 27, 2013 at 9:19 AM

    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

    ReplyDelete
  9. Stocks100March 27, 2013 at 12:02 PM

    Hi Stocktrader,

    Good luck with MRIN...

    Saleem

    ReplyDelete