Indices closed slightly lower.
S&P 500 @ 1666.29
RSI @ 71.85
CMF @ 0.375
Internals were :
UP volume led by 1.45 to 1 in NYSE & .99 to 1 in Nasdaq
Advancing stocks led by 1.33 to 1 in NYSE & 1.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 464 in NYSE & 257 in Nasdaq
VIX UP 4.58% @ 13.02
Stocks which were UP 2% or more included BBRY AUY
TCK AAPL PCLN JCP MKTO DATA CLF BIDU
GG SLW AEM EGO JASO CSIQ FSLR SPWR
X STLD SINA ECA....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, market internals remains strong despite today's minor negative close. I believe this is @ best consolidation to digest gains. It never hurts to book profit & buy on weakness.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hey Saleem,
Sold DATA and MKTO after huge runs. Got 55.515 and ~25.35 average.
Stocktrader
Hi Stocktrader,
Good move in booking profit.
Saleem
Hey Saleem,
I plan to buy them back because they are leaders in their respective spaces. I'm really hoping something like 10% lower...
Stocktrader
Hi Stocktrader,
After FB fiasco..MKTO & DATA lit up the IPO performance.
Saleem
Hey Saleem,
Bought PFPT @ 18.75. The price action looks good today for a breakout from its month-long basing and RSI is only 60 so it should have good legs.
Stocktrader
Hey Saleem,
You'll never believe this...I only got 100 of my RALY shares on that low limit try: 19.28. It has now spiked near 20 again...
I'll probably just move up later to fill up the position if it doesn't dip back down.
Stocktrader
Hi Stocktrader,
Your bid is good most of the time.
Good luck with RALY & PFPT.
Saleem
Hey Saleem,
Well it turns out I actually got 300 shares at the low, so I just decided to buy the rest--got 19.995. This puts my average at ~19.85 which isn't too bad, and it looks like some good institutional buyers are positioning right now.
Stocktrader
Hi Stocktrader,
Good luck with RALY.
Saleem
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