Indices closed green while Nasdaq closed @ the highest level in 13 years.
S&P 500 @ 1802.75, high 1808.42, low 1800.77
RSI @ 65.37
CMF @ 0.159
Internals were :
UP volume led by .97 to 1 in NYSE & 1.34 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 196 in Nasdaq
VIX UP .16% @ 12.81
Oil @ $93.68
Gold @ $1241.40
Stocks which closed UP 2% or more included JKS QIHU SINA
MU FB LEN CSIQ LNKD BIDU COH TWTR YNDX
CRUS PANW SPLK WUBA SPWR CSOD
TRLA Z YELP.....
AH ER :
HPQ UP 5.62%, BLOX Down 17.93%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Nasdaq @ 4017.75 which is the highest close since Y2K bull run. Wednesday going to be low volume positive day, Friday being half day could be a record low volume also. Uptrend remains in tact, exposure needs to be maintained in pre / post Black Friday & Cyber Monday excitement / UP moves.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
We got back late last night from visiting family. It was great for myself and the kids to see my side of the family which doesn't happen as often as we'd like given the travel distance between us.
Sold FXCM @ 16.536 yesterday because I wasn't sure my thesis of better currencies volumes was actually playing out and I caught a nice gain on the 200 DMA bounce.
Last week's portfolio performance was -0.82% versus the S&P's +0.37%, but so far this week I'm well ahead.
Portfolio currently is:
Largest: AAPL LCC TXTR KORS
Middle: RL CSOD
Smallest: SODA EXPE RALY AKS
We are leaving for a Florida sunny vacation today, coming back the middle of next week. The biggest company events are TXTR's lockup expiration next Wednesday and RALY's earnings next Thursday.
I hope everyone's holiday season starts well! :)
Stocktrader
Hi Stocktrader,
Thanks for the update on your "family get together"....
YES..sometimes distance gets in the way of staying in touch.
Enjoy "sunny Florida"
Have a happy thanksgiving & continued "memory building activities"
Saleem
Hi Stocktrader,
Added 150% AUY @ $9.84...
Saleem
Hi Stocktrader,
I meant $8.84...too early in the morning....
Saleem
Hey Saleem,
I like the contrarian play, especially with the input cost of fuel decreasing.
Stocktrader
Hi Stocktrader,
Sentiment for gold stocks are as bad as stocks was in june 2009.....
Saleem
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