Indices closed UP after negativity set in for almost 13 days.
S&P 500 @ 1656.96, high 1659.55
RSI @ 43.49
CMF @ -0.017
Internals were :
UP volume led by 5.71 to 1 in NYSE & 4.92 to 1 in Nasdaq
Advancing stocks led by 5.42 to 1 in NYSE & 3.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 3 in NYSE & 66 in Nasdaq
VIX Down 7.40% @ 14.76
Oil @ $105.03
Gold @ $1370.80
Stocks which were UP 2% or more included ANR CLF KOG AUY
TCK GRPN SPWR TSLA SINA NTES RDN YHOO BIDU
FFIV CRUS X STLD EGO SLW WLT IBN MLNX.....
AH ER :
P Down 5.67%, MRVL UP .69%, ROST UP 1.44%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, looks like TAPE has discounted "taper" and is ready to move beyond that. World economies are showing better than expected improvement which is very good for commodities. Seasonally, focus should be on new strong sectors. This pullback of 4.11% lasted about two weeks, not bad for this strong bull market. Watch all the uber bears explain themselves as to why such a shallow pullback vs their thesis of about 20%.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Stocktrader,
Added 25% ANR @ $6.31...
Saleem
Hey Saleem,
ANR scares me, but definitely is leveraged to the upside!
Got that YHOO back @ 28.15. I probably jumped the gun a little, but I have to leave for a while this morning.
I have one position left and am looking to deploy. I'm looking at a TXTR or KOG.
Stocktrader
Hi Stocktrader,
YES..ANR is my "highly speculative bet"...IF it works out the way i hope..then it will be nice.
Good luck with YHOO.
Saleem
Hey Saleem,
Dabbling back into OMED @ 16.89. There's been some good analyst activity and company news recently but the stock hadn't reacted due to IPO overhang.
I'm out of cash for now, but hope to raise some on Monday by trimming TZA.
Stocktrader
Hi Stocktrader,
Good luck with OMED....
Saleem
Hey Saleem,
All the leading online properties are doing well today: FB, LNKD, Z.
I think the new initiatives for LNKD are in the right direction with trying to attract pre-professional university students. The problem with LNKD now is that there's not enough reason to interact with other professionals. If you get students involved, they will initiate/foster their "professional" relationships much earlier (i.e. classmates in their same/related fields) and this will translate to much more time spent on LNKD's site in later years.
I was hoping to pick up LNKD on another earnings miss/dip, but I'm not sure I'll have the chance. It's been tough for me to get involved so far because I didn't really believe in the site--their new initiative changes that for me, even if it will take a long time to see tangible results.
Stocktrader
Hi Stocktrader,
Sometimes we miss many stocks because we are looking for a better entry point.....on a runaway stocks like TSLA NFLX LNKD Z....that is not a "recipe for success"
IF one has the funds one should go for it.......
Saleem
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