Indices closed near high of the day.
S&P 500 @ 1671.71, high 1672.40
RSI @ 55.93
CMF @ -0.101
Internals were :
UP volume led by 7.44 to 1 in NYSE & 6.88 to 1 in Nasdaq
Advancing stocks led by 4.03 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 124 in NYSE & 131 in Nasdaq
VIX Down 1.39% @ 15.63
Oil @ $109.52
Gold @ $1386.70
Stocks which were UP by 2% or more included ANR CLF MU
AMCC QIHU TCK JKS SPWR AGU POT LEN GMCR
YHOO CSIQ LULU BBRY HMC LVS GRPN X
WPRT ARUN MOS STLD MS WLT TRLA.....
AH ER PANW UP 2.58%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, after close IBD saying that "market in confirmed uptrend". Ralph Acompora predicting major correction till end of October, he "clearly sees 12000 in Dow". Nasdaq is @ new high in 13 years, so leadership has shifted to Technology. S&P 500 is also above 50 DMA after 12 trading days. When others are getting bullish it is important to plan "exit strategy"......before long we may be overbought again.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
My "Big 3" didn't do much yesterday but almost everything else looked great, CLDX SPLK LCC YHOO X TRLA RALY all up 3-10%.
TXTR finally filed for that secondary. I have to buy some. I hope I can get under $40.
Stocktrader
Hi Stocktrader,
Your big 3 have done a whole lot for you since purchase...just taking a nap yesterday.
YES..your portfolio was flying when i checked after close.....
TXTR...i do not know if they give "full margin yet".....which will interest me also.
Saleem
Hey Saleem,
Did a little switch on speculative stocks: sold PSUN @ 3.30 and bought SODA @ 63.19.
Stocktrader
Hi Stocktrader,
SODA should do well... above 50 DMA
Saleem
Hey Saleem,
Sold RDN @ 14.07. Although they have some tailwinds from picking up previously-captured FHA business as FHA shrinks, there is less overall mortgage activity happening and RDN's market share gains may have peaked as other insurers get well-capitalized also.
This clears up room to add TXTR.
Stocktrader
Hi Stocktrader,
TXTR does not have options yet..so its margin is less....
Good luck on your entry in TXTR...
Saleem
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