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:
Hey Saleem,
Sold MS @ 22.091 to raise some cash.
Stocktrader
Hi Stocktrader,
Its Italy today.....
Pruning is a good idea.
Saleem
Hey Saleem,
I actually think today will end up fine so I might reallocate quickly.
Stocktrader
Hi Stocktrader,
Your hunch may be spot on.
Good luck with reallocation.
Saleem
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
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
Hi Stocktrader,
Volume is extremely low in BSFT.
RSI is 47.06....
Saleem
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
Hi Stocktrader,
Good luck with MRIN...
Saleem
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