Indices closed down slightly.
S&P 500 @ 1614.08, low 1606.77, high 1624.26, 50 DMA 1623.94
RSI @ 49.10
CMF @ -0.063
Internals were :
Down volume led by 1.52 to 1 in NYSE & 1.02 to 1 in Nasdaq
Declining stocks led by 1.58 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 153 in Nasdaq
VIX UP .43% @ 16.44
Oil @ $99.50
Gold @ $1243.40
Stocks which closed green included EBAY KOG
TXTR CLDX WLT CLF KORS AMZN
MOS MON AGU POT CF M SBUX
MCD X SPWR Z TSLA AAPL
PCLN GRPN CRUS ZNGA
LRCX CIEN SNDK HMC
DNKN CMG.....
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, I am expecting TAPE to be weak on Wednesday as US markets are closed on Thursday. Canada & world markets are open on Thursday. There is another jitter about US jobs report on Friday. Booking profit by those who have gains is a very good idea.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
I'm sure you don't want daily reports, but I find it interesting that iron ore ticked up again despite the world turmoil:
http://www.metalbulletin.com/Article/3226423/Iron-ore-and-coking-coal/Spot-635-Fe-iron-ore-prices-at-121-122-cfr.html
Stocktrader
Hi Stocktrader,
I am happy to know what you are monitoring..it IS useful info for decision making by many traders who visit this BLOG.
Saleem
Hey Saleem,
I'd be tempted to buy KOG today for a breakout if I wasn't so heavy into commodities already with my recent purchases.
Good luck with your holding! :)
Stocktrader
Hi Stocktrader,
KOG is the ONLY stock which has stayed GREEN since purchase......even my bad luck had to give me a break...
Saleem
Hey Saleem,
Bought KOG @ 9.15 based on positive chart action and takeover potential.
As you know, I've following this for a while and felt this was a good spot based on merger activity and crude oil prices.
Stocktrader
Hi Stocktrader,
You introduced me to KOG, good luck to you.
Saleem
Hey Saleem,
Seeing all the commodity stocks down today and all my old software stocks up gives me pause. I wonder if I messed this up...
WLT is showing relative strength midday to its group--that's good at least! :)
Stocktrader
Hi Stocktrader,
You have discovered many IPO stocks which are flying.......but sometimes "relative valuation" distracts for a good game plan......
Saleem
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