Wednesday, January 15, 2014

Indices closed UP .52% to .76%......NICE !!!!

Indices closed @ record highs.

 S&P 500 @ 1848.38, high 1850.84

 RSI @ 61.69

 CMF @ 0.288

 Internals were :

 UP volume led by 2.14 to 1 in NYSE & 2.50 to 1 in Nasdaq

 Advancing stocks led by 1.89 to 1 in NYSE & 2.00 to 1 in Nasdaq

 Net new 52 wk highs were leading by 230 in NYSE & 225 in Nasdaq

 VIX @ 12.28

 Oil @ $94.17

 Gold @ $1238.30

 Stocks which were UP 1% or more included EXTR OTEX
TWTR AMCC BBRY MGA TSLA MS PCLN AAPL
FSLR TSL CSIQ ARUN RVBD SPLK EGO SLW
AEM CCJ JCP WUBA WLT TRLA Z WYNN
GS AGU MLNX.....

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil Down

 AH Gold UP

 About market, TAPE remained strong closing @ all time highs in Dow & S&P 500 while Nasdaq @ 14 year high. Momentum is building for many new highs. This rally is broadbased which will continue until we are close to 70 in RSI.

 BLOG does NOT give buy or sell.

 Saleem
at

8 comments:

  1. stocktrader_1996January 16, 2014 at 6:23 AM

    Hey Saleem,

    Fast and strong pricing on the JKS secondary. I wonder if the stock breaks out today even with some commodities down?

    Stocktrader

    ReplyDelete
  2. Stocks100January 16, 2014 at 6:32 AM

    Hi Stocktrader,

    Yes JKS upsized offer was taken ...

    We are all set to breakout @ $37.43 with a target of $44.96...as per stockconsultant.

    Saleem

    ReplyDelete
  3. stocktrader_1996January 16, 2014 at 6:55 AM

    Hey Saleem,

    Sold CELG @ 165.75.

    Added to JKS @ 35.885.

    Bought X @ 28.675.

    I knew right away that CELG didn't act as expected but waited a few days to see if the "2015-2017 guidance" would help the stock more than marginally. At this point, I've added to names I like for earnings, namely JKS and X.

    I think I am about completely reading for earnings now based on companies I think can beat/guide up.

    Stocktrader

    ReplyDelete
  4. Stocks100January 16, 2014 at 7:03 AM

    Hi Stocktrader,

    Good move with JKS & X.

    Saleem

    ReplyDelete
  5. stocktrader_1996January 16, 2014 at 7:03 AM

    Hey Saleem,

    I meant "ready" for earnings, not "reading" :)

    I might be a little overexposed to FCX given it is highly leveraged to the US$ also, so might trim if I have yet another idea. Also it is tempting to trim CLDX after this huge run.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996January 16, 2014 at 7:07 AM

    Hey Saleem,

    Did trim CLDX @ 28.169. A smaller position is fine given the huge +/- on these biotechs and the huge run it's had in just a few weeks.

    Stocktrader

    ReplyDelete
  7. stocktrader_1996January 16, 2014 at 7:21 AM

    Hey Saleem,

    Trimmed FCX @ 36.655 based on strong dollar expectations and the impact of the 20% Indonesian export tax.

    Bought AAL @ 29.187 based on expected discussion on synergies from the merger on the CC and expected subdued fuel prices.

    Stocktrader

    ReplyDelete
  8. Stocks100January 16, 2014 at 7:53 AM

    Hi Stocktrader,

    Logical move in FCX & CLDX....

    Good luck with AAL...

    Saleem

    ReplyDelete