Indices moved UP on better than expected US economic data.
S&P 500 @ 1614.96, high today 1626.61
RSI @ 49.35
CMF @ -0.071
Internals were :
UP volume led by 2.09 to 1 in NYSE & 2.28 to 1 in Nasdaq
Advancing stocks led by 2.50 to 1 in NYSE & 2.61 to 1 in Nasdaq
Net new 52 wk highs were leading by 148 in NYSE & 222 in Nasdaq
Oil @ $97.99
Gold @ $1255.70
Stocks which were UP 2% or more included EBAY KOG AUY
GMCR LNKD NFLX TSLA AAPL EXPE GG SLW AEM
WPRT CRUS ZNGA CSIQ FSLR SPWR STLD FCX
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Indices may have reached the upper end of the trading range today. Booking profit near upper end is highly recommended.It will be interesting to see, how this TAPE behaves in holiday shortened week & in the week of Jobs report.
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hey Saleem,
Iron ore up 3% overnight despite the China malaise. I wonder if we're seeing the turn finally?
http://www.metalbulletin.com/Article/3225939/Iron-ore-and-coking-coal/Spot-635-Fe-iron-ore-prices-see-3-4-per-tonne-spike.html
Stocktrader
Hey Saleem,
Bought CLF @ 16.49.
Stocktrader
Hi Stocktrader,
Just got up.
Good luck with CLF.
Saleem
Hey Saleem,
Today was TXTR initiation day and I saw all outperforms with $33, $35, and $35. It may actually not come back as I thought.
I hate when I sell my favorite companies on profit taking and they move higher still. I'm not sure what to do now, but $30 doesn't seem unreasonable for a short-term target.
Stocktrader
Hi Stocktrader,
TXTR looks very strong..IF i were you ...i WILL buy back....
Good luck with your decision.
Saleem
Hey Saleem,
Bought TXTR back @ 27.504. It's a shame I sold but I'm surprised the analysts went so aggressive for it.
CLDX looking good today and loving the materials trade still.
Stocktrader
Hi Stocktrader,
I think Cramer said keep it to CLDX..
Good luck with your portfolio.
Saleem
Hey Saleem,
Ah, I missed last night's show. CLDX is benefiting from the ONXX buzz I'm sure though.
Stocktrader
Hi Stocktrader,
You can watch "lightning round" on internet.....that is when he mentioned it last night......i watch it around 9 PM on internet.
Saleem
Hey Saleem,
Well, that was a fast run to $30. Glad I got back in.
Surprised at the weakness in TCK today given decent strength in WLT/CLF and only slight copper declines.
Stocktrader
Hi Stocktrader,
YES..good move with TXTR.....
I hope TCK will hold $20.20......
Saleem
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