Indices closed in green on Veterans day.
S&P 500 @ 1771.11, high 1773.44
RSI @ 61.72
CMF @ 0.301
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 88 in NYSE & 78 in Nasdaq
VIX Down 2.87% @ 12.53
Oil @ $95.14
Gold @ $1281.10
Stocks which were UP 2% or more included FNSR JKS
SINA PCLN KORS TSLA QIHU FSLR CSIQ
ARUN YHOO EXPE PANW EGO MS.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was subdued today with internals being close to neutral. Currently it is all about individual stock stories, some stocks are moving well below support while others are making new 52 wk highs. All boats are not being lifted thus it is a tougher TAPE than before. Studying current TAPE action & then trading is a good strategy.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
ARUN has been my secret pick for an earnings play next week. I've been watching for a while now, and have been trying to find a good entry but not waste too much time waiting for the event. I was hoping I'd finally get a chance today after selling my social/cloud plays but it ran up early.
Also, I maybe should have gone with an MS or AMTD today instead of KRE. They are more my style anyways in terms of stock picking plus I have somewhat more familiarity with them versus the regional banks. I'll probably make some adjustments when the three days are over since I'm locked in for now.
Stocktrader
Hi Stocktrader.
I agree with MS & AMTD which performed nicely...i even analyzed MS chart after close for a possible entry.....
Good luck with your strategy.
Saleem
Hey Saleem,
Bought YY @ 49.852. I'll try this one again after selling near the top and then letting it settle back and test and hold moving averages.
Stocktrader
Hi Stocktrader,
Good luck with YY.
Saleem
Hi Stocktrader,
Bought SINA $76.22.....they report tonight....
Saleem
Hey Saleem,
Good luck with SINA. It should be a great report!
Bought ARUN @ 18.61.
Stocktrader
Hi Stocktrader,
Good luck with ARUN..it is showing relative strength for last 3 days.
Saleem
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