Tuesday, September 10, 2013

Indices closed UP .62% to .85%.....NICE !!!!

Indices closed near highs of the day again.

 S&P 500 @ 1683.99, high 1684.09

 RSI @ 60.47

 CMF @ -0.058

 Internals were :

 UP volume led by 2.82 to 1 in NYSE & 2.30 to 1 in Nasdaq

 Advancing stocks led by 1.97 to 1 in both NYSE & Nasdaq

 Net new 52 wk highs were leading by 171 in NYSE & 183 in Nasdaq

 VIX Down 7.04% @ 14.53

 Oil @ $107.39

 Gold @ $1364.00

 Stocks which were UP 1% or more included ANR CLF FNSR
MU AMCC NTES TSLA QIHU SPWR AGU POT KOG
NFLX LNKD SINA RDN DNKN EXPE CMG EBAY
LVS WYNN BIDU FFIV PCLN MA V RVBD X
STLD LRCX SNDK CIEN JDSU C MS Z GS
YELP NVDA SBUX .....

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil & Gold Down

 About market, Based on RSI easy money has been made in this run, expect consolidation of gains & pullbacks. Strongly suggest booking gains, as we have moved UP 3.48% in eight trading days.

 BLOG does NOT give buy or sell.

 Saleem
at

14 comments:

  1. stocktrader_1996September 11, 2013 at 6:32 AM

    Hey Saleem,

    Took profits in MU @ 16.28.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996September 11, 2013 at 6:34 AM

    Hey Saleem,

    Sold TRLA @ 45.76 to take profits. Also worried about competitive aspects and housing weakness.

    Stocktrader

    ReplyDelete
  3. Stocks100September 11, 2013 at 6:52 AM

    Hi Stocktrader,

    Good moves in booking profit.

    Sold ANR @ $6.79

    Saleem

    ReplyDelete
  4. Stocks100September 11, 2013 at 7:12 AM

    Hi Stocktrader,

    Bought AMCC @ $12.90...

    Saleem

    ReplyDelete
  5. stocktrader_1996September 11, 2013 at 7:14 AM

    Hey Saleem,

    Good luck with the new picks. I definitely messed up the TRLA sell. That stock is really crazy--huge intraday moves often.

    Stocktrader

    ReplyDelete
  6. Stocks100September 11, 2013 at 7:20 AM

    Hi Stocktrader,

    Z TRLA YELP ..are extremely volatile...

    You can always buy it back....

    Saleem

    ReplyDelete
  7. stocktrader_1996September 11, 2013 at 7:26 AM

    Hey Saleem,

    Added to current positions:

    LCC @ 17.52
    MS @ 28.04
    RALY @ 29.067
    SODA @ 64.93

    I have one cash position available now.

    Stocktrader

    ReplyDelete
  8. Stocks100September 11, 2013 at 7:35 AM

    Hi Stocktrader,

    Did you notice that DAL has gone crazy???

    Saleem

    ReplyDelete
  9. stocktrader_1996September 11, 2013 at 7:36 AM

    Hey Saleem,

    Yes. It got added to the S&P 500 yesterday so there were tremendous flows in recent days. I think today's performance is fantastic given the usual addition "hangover".

    Stocktrader

    ReplyDelete
  10. stocktrader_1996September 11, 2013 at 8:05 AM

    Hey Saleem,

    I'm really tempted by WLK today, but I feel like patience will present a different or better opportunity in coming days.

    Stocktrader

    ReplyDelete
  11. Stocks100September 11, 2013 at 8:43 AM

    Hi Stocktrader,

    WLK down sharply on heavy volume?

    Saleem

    ReplyDelete
  12. stocktrader_1996September 11, 2013 at 8:55 AM

    Hey Saleem,

    Yes, it got downgraded today along with AXLL:

    JPMorgan downgraded Westlake Chemical to Neutral from Overweight citing valuation and unfavorable commodity trends. The firm keeps a $114 price target for shares.

    I'm not that tempted--just seems like a good short term buy on the 50 DMA test and hold.

    Stocktrader

    ReplyDelete
  13. stocktrader_1996September 11, 2013 at 9:54 AM

    Hey Saleem,

    Sold HLF @ 66.06. I'm tired of watching it bounce around based on who is buying or selling. Also, if it does turn out some of the accounting concerns are legitimate, it could drop 40% in a blink whereas I'm not sure how much short term upside is left based on valuation.

    I need to take this ticker of my screen. I keep buying for a trade trying to convince myself it's an investment, and that never sticks. I'm glad to make the money I did here, and am similarly glad to be out of it.

    Stocktrader

    ReplyDelete
  14. Stocks100September 11, 2013 at 9:57 AM

    Hi Stocktrader,

    HLF is volatile..but it can be traded.....

    Saleem

    ReplyDelete