Wednesday, July 17, 2013

Indices closed UP .12% to .32%......NICE !!!!

Indices were given a helping hand by Ben Bernanke.

 S&P 500 @ 1680.91, high 1684.75, low 1677.91

 RSI @ 65.43

 CMF @ 0.085

 Internals were :

 UP volume led by 2.0 to 1 in NYSE & 1.83 to 1 in Nasdaq

 Advancing stocks led by 1.93 to 1 in NYSE & 1.43 to 1 in Nasdaq

 Net new 52 wk highs were leading by 139 in NYSE & 233 in Nasdaq

 VIX Down 4.44% @ 13.78

 Oil @ $106.48

 Gold @ $1277.50

 Stocks which were UP 1% or more included EBAY KOG MU
QCOM STLD LNKD SINA FB Z SODA NFLX TSLA
HMC RDN CF LULU BAC PANW BIDU GRPN
AMCC JDSU FNSR C.......

 AH ER :
 Negative action AXP Down 1.04%, INTC Down 3.48%, EBAY Down 5.93%
Positive action IBM UP 2.48%, XLNX UP 3.26%, SNDK UP 6.66%

 AH Futures Down

 AH Asian Markets Mixed

 AH Oil & Gold Down

 About market, there is one technician who believes that Thursday the 18th of July IS the day to sell stocks as we seasonally enter corrective phase. I think many sectors & stocks escape negative TAPE as they are seasonally strong in summer months.

 BLOG does NOT give buy or sell.

 Saleem
at

14 comments:

  1. stocktrader_1996July 18, 2013 at 6:06 AM

    Hey Saleem,

    Right now I feel underexposed to this market with my ~20% cash, and regret not being more exposed to financials during this earnings season. It's so hard to buy when they are up this much, but I think the market meltup will continue here. Also, missing opportunities like YHOO weigh on me. I've done a lot of second guessing recently.

    Stocktrader

    ReplyDelete
  2. Stocks100July 18, 2013 at 6:14 AM

    Hi Stocktrader,

    Many stocks have done well recently...but there are other opportunities also.

    Entering strong stocks is a good idea.

    Saleem

    ReplyDelete
  3. Stocks100July 18, 2013 at 6:35 AM

    Hi Stocktrader,

    Sold EBAY @ $53.55.....

    Saleem

    ReplyDelete
  4. stocktrader_1996July 18, 2013 at 6:46 AM

    Hey Saleem,

    Yeah, as I read more, it seemed like EBAY could be dead money for a while.

    Argh on WLT. I was going to buy back this morning and hesitated. Now it is trickier...

    Stocktrader

    ReplyDelete
  5. Stocks100July 18, 2013 at 6:55 AM

    Hi Stocktrader,

    Put entire proceed from EBAY into AMD @ $4.42....

    Saleem

    ReplyDelete
  6. Stocks100July 18, 2013 at 7:00 AM

    Hi Stocktrader,

    WLT moves a lot.

    Saleem

    ReplyDelete
  7. stocktrader_1996July 18, 2013 at 7:03 AM

    Hey Saleem,

    Rebought WLT @ 13.0368. Increased economic activity could really propel this stock?

    Stocktrader

    ReplyDelete
  8. Stocks100July 18, 2013 at 7:37 AM

    Hi Stocktrader,

    Good luck with WLT...

    Saleem

    ReplyDelete
  9. stocktrader_1996July 18, 2013 at 7:46 AM

    Hey Saleem,

    Bought OMED @ 28.10. As you know, I've been targeting this one all week.

    Stocktrader

    ReplyDelete
  10. Stocks100July 18, 2013 at 7:56 AM

    Hi Stocktrader,

    You are a brave man with IPO....

    Good luck with OMED.

    Saleem

    ReplyDelete
  11. stocktrader_1996July 18, 2013 at 8:22 AM

    Hey Saleem,

    Yes, this seems a bit of a stretch, but I'm going off the price action of the other recent biotech IPO of EPZM. I ignored that one unfortunately, but I hope to see this one in the 30s soon.

    Stocktrader

    ReplyDelete
  12. Stocks100July 18, 2013 at 9:53 AM

    Hi Stocktrader,

    Sold KOG @ $9.18....

    Saleem

    ReplyDelete
  13. stocktrader_1996July 18, 2013 at 10:34 AM

    Hey Saleem,

    KOG is trading very strangely since I've owned it. I don't blame you for taking the profits.

    SNDK has an interesting bounce today into the NASDAQ weakness--I think it's one to watch.

    Buys today of WLT and OMED looking good--still have two positions of cash available. I'm kind of hoping RALY shows weakness on the secondary at some point.

    Stocktrader

    ReplyDelete
  14. Stocks100July 18, 2013 at 12:19 PM

    Hi Stocktrader,

    KOG is a very good trade.

    YES..your OMED & WLT is flying.

    Saleem

    ReplyDelete