All indices bolted into another closing high for 2013.
S&P 500 @ 1848.36, 1849.44
RSI @ 71.26
CMF @ 0.129
Internals were :
UP volume led by 2.46 to 1 in NYSE & 2.15 to 1 in Nasdaq
Advancing stocks led by 1.87 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 229 in NYSE & 178 in Nasdaq
VIX 1.18% @ 13.72
Oil @ $98.42
Gold @ $1202.30
Stocks which were UP 1% or more included SINA AUY
MU BBRY TWTR FB TRIP EGO SLW GG AEM
BIDU EXPE AMZN MS AAPL GOOG SU
EBAY LNKD FFIV YNDX GRPN
BRCM TCK AMCC JCP
TRLA Z YELP.....
In my portfolio :
Added 15% JKS @ $29.28
Portfolio JKS RALY SINA AUY
Exposure 132%
Next post on Thursday by 2 PM
BLOG does NOT give buy or sell.
Enjoy New Year celebration, hoping 2014 will reward us with good health, happiness & caring friend & family.
Saleem
11 comments:
Hey Saleem,
Bought BTU @ 19.62.
It appears to be breaking out of a double bottom base and with improved economies and natural gas prices firm, there's a fundamental backdrop for gains also.
Stocktrader
Hi Stocktrader,
This is the year of laggards....
Good luck with BTU......
Saleem
Hey Saleem,
Added about 20% more BTU @ 19.775--I underallocated originally based on risk. I just wanted to update you for transparency's sake, but probably not a big deal.
Stocktrader
Hi Stocktrader,
I see "triple bottom" & "golden cross" ....in BTU....
Saleem
Solar is rolling, good call Saleem.
Tom
Hi Stocktrader,
Sometimes I do get it right in Solar.
Thanks!!!
Saleem
Hey Saleem,
If you missed it, Tom was the one who gave credit for the solar trade.
Bought X @ 30.666. I should have stepped back into my steel names long ago after exiting, but it looked like this was as good a time as any. The chart looks good and fundamentals are improving.
Stocktrader
Hi Tom,
Thanks for your appreciative note....sorry i missed your name & thought stocktrader wrote it....
I do believe that JKS will be a "star performer in 2014"
Thanks for stocktrader for pointing this out.
Saleem
Hi Stocktrader,
Good move back into X......keeps going UP $$$$$$
Saleem
Hi Saleem,
I added some JKS on Tuesday with the same price $29.28 as you did. JKS is the best performer in Solar 2013. I agree it will be continue doing well and guess if broad market is ok in 2014 the Solar will be a winner.
Thanks,
Tom
Hi Tom,
WOW..same price add-on....
I believe that Solar will outperform even IF indices are weak....proof is in today's TAPE.....
Worldwide there is a "dire need" for solar generated power.......which is very quick to install vs huge delay in any other power generation.
We are both on the same page with JKS.....
Saleem
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