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
8 comments:
Hey Saleem,
Fast and strong pricing on the JKS secondary. I wonder if the stock breaks out today even with some commodities down?
Stocktrader
Hi Stocktrader,
Yes JKS upsized offer was taken ...
We are all set to breakout @ $37.43 with a target of $44.96...as per stockconsultant.
Saleem
Hey Saleem,
Sold CELG @ 165.75.
Added to JKS @ 35.885.
Bought X @ 28.675.
I knew right away that CELG didn't act as expected but waited a few days to see if the "2015-2017 guidance" would help the stock more than marginally. At this point, I've added to names I like for earnings, namely JKS and X.
I think I am about completely reading for earnings now based on companies I think can beat/guide up.
Stocktrader
Hi Stocktrader,
Good move with JKS & X.
Saleem
Hey Saleem,
I meant "ready" for earnings, not "reading" :)
I might be a little overexposed to FCX given it is highly leveraged to the US$ also, so might trim if I have yet another idea. Also it is tempting to trim CLDX after this huge run.
Stocktrader
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
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
Hi Stocktrader,
Logical move in FCX & CLDX....
Good luck with AAL...
Saleem
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