Indices closed near high of the day on progress made in Senate.
S&P 500 @ 1710.14, high 1711.03
RSI @ 58.72
CMF @ 0.074
Internals were :
UP volume led by 2.07 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 160 in NYSE & 174 in Nasdaq
VIX UP 2.23% @ 16.07
Oil @ $102.41
Gold $1276.60
Stocks which were UP 1% or more included AMCC MU
CLDX TRIP GMCR NFLX DNKN CSIQ SPWR
RVBD CRUS SNDK CIEN KORS X STLD
WLT RALY YELP....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE responded positively to new progress being made in Senate to resolve shutdown & Debt limit. House may show its usual by changing anything passed by Senate, expect killing time till Thursday deadline. In the meantime TAPE may make new highs & we may see sell the news "because its priced in by the time everything is passed".....
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
I stepped back into a few names today:
KORS @ 74.384
YHOO @ 34.03
Stocktrader
Hey Saleem,
Bought CSOD @ 50.183
Added to SODA @ 61.65
This process hurts buying everything back at higher prices, but necessary.
Stocktrader
Hey Saleem,
Bought RALY @ 29.869.
Looking to probably add FB here somewhere too--this one is tougher given the move today.
Stocktrader
Hi Stocktrader
I am happy that you are back into strong stocks.
Good luck!!!
Saleem
Hey Saleem,
Yes. I didn't want all that research to go to waste for earnings upcoming.
I'm stuck on what to do with X. I really like that one from an earnings perspective also, but it's trickier to buy here.
Stocktrader
Hi Stocktrader,
Whenever there is a "breakout" & "golden cross" @ the same time..it is a sign of major move....
X is a strong buy $$$$$
Saleem
Hey Saleem,
Bought FB @ 50.68.
Still thinking about what to do with X...
Also under consideration is a repurchase of LCC, but the chart is a bit squishy right now, especially on the MACD. I think maybe people are getting scared about earnings considering a material chunk of airline travel is stopped right now.
Stocktrader
Hi Stocktrader,
Q4 is a very busy time for Air Travel....so guidance will be better !!!!
Saleem
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