Indices closed near high of the day after Chinese & German data came in better than expected.
S&P 500 @ 1632.69
RSI @ 68.58
CMF @ 0.283
Internals were :
UP volume led by 2.18 to 1 in NYSE & 1.73 to 1 in Nasdaq
Advancing stocks led by 1.86 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 495 in NYSE & 191 in Nasdaq
VIX Down 1.33% @ 12.66
Oil @ $96.62
Gold @ $1473.70
Stocks which were UP 1.75% or more included EBAY AUY
POT AGU CF GOOG TCK CLF FCX SU BIDU FFIV
GG EGO SLW AEM CRUS ZNGA MU C MOS
NVDA FSLR X STLD SINA ...
AH ER :
MRIN Down 3.57%
CF UP 2.07% GRPN UP 11.09% GMCR UP 16.24% TSLA UP 23.69%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, in a surprise move South Korea cuts interest rate. Chinese CPI was higher than expected but PPI was lower than expected. We may get pause in this market as we need to digest this major run. Buying on weakness is a good strategy.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
I listened to MRIN's conference call but was distracted throughout. I'll read the transcript to fill in some blanks and try to post some useful information, but my initial take was both positive and negative factors for a medium term investment. The AH volume was only one trade for 100 shares right as the AH session was ending.
Stocktrader
Hi Stocktrader,
Thanks for your quick take on MRIN.
Any further detail will be helpful to BLOG readers.
Saleem
Hey Saleem,
Sold MRIN @ 14.48. I still need to read the transcript but I wanted to make the move first. There's one thing on the call I heard that made me nervous about holding for now.
Stocktrader
Hi Stocktrader,
Good move on MRIN..you sold near high of the day.....
Saleem
Hi Stocktrader,
Bought back KOG @ $8.15....
Saleem
Hey Saleem,
Bought PRU @ 65.65 and MSFT @ 32.62.
I like PRU after great earnings and still very cheap valuation on both a P/E and P/B basis. It is levered to a stock market rise also.
I like MSFT for its massive Office 365 SaaS opportunity including getting that on Apple's ecosystem eventually. It also has some positive options for Xbox and Windows 8 if things go well. On top of all that, it is extremely cheap still on a valuation basis.
Stocktrader
Hi Stocktrader,
Good luck with PRU & MSFT.....
Saleem
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