Wednesday, February 5, 2014

Indices closed down .03% to .50%......

TAPE was weak again but closed near highs.

 S&P 500 @ 1751.64, low 1737.92, high 1755.79

 RSI @ 35.37

 CMF @ 0.069

 Internals were :

 Down volume led by 1.38 to 1 in NYSE & 2.10 to 1 in Nasdaq

 Declining stocks led by 1.48 to 1 in NYSE & 2.36 to 1 in Nasdaq

 Net new 52 wk lows were leading by 55 in NYSE & 48 in Nasdaq

 VIX UP 4.40% @ 19.95

 Oil @ $97.38

 Gold @ $1256.90

 AH ER : P Down 10.13%, TWTR Down 17.92%
               YELP UP 6.79%, GMCR UP 45.07%

 AH Futures UP

 AH Asian Markets UP

 AH Oil UP

 AH Gold Down

 About market, TAPE is all set to make another green close for Thursday. Indices tested support & made lower lows, sometimes this forms support. Jobs report on Friday may have been discounted by the market already as weather has been in news for months which can be explained for any weakness.

 BLOG does NOT give buy or sell.

 Saleem
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13 comments:

  1. stocktrader_1996February 6, 2014 at 5:48 AM

    Hey Saleem,

    Sold all at 40.67 avg just now--great way to start the morning.

    It might go further, but that was the easy money part and fundamentals are still challenged.

    Stocktrader

    ReplyDelete
  2. Stocks100February 6, 2014 at 6:17 AM

    Hi Stocktrader,

    Great move in selling SODA..it was not easy money..it was GUTSY money which involves "contrary analysis" for a quick trade....

    Saleem

    ReplyDelete
  3. Stocks100February 6, 2014 at 6:38 AM

    Hi Stocktrader,

    Sold TWTR $51.70

    Saleem

    ReplyDelete
  4. stocktrader_1996February 6, 2014 at 6:51 AM

    Hey Saleem,

    It has been a challenging earnings season on all fronts.

    Stocktrader

    ReplyDelete
  5. Stocks100February 6, 2014 at 6:55 AM

    Hi Stocktrader,

    Today is first day from hereon....hopefully better strategy & luck.....

    Saleem

    ReplyDelete
  6. stocktrader_1996February 6, 2014 at 6:57 AM

    Hey Saleem,

    Great perspective--I keep staring at YELP today...that's not helping me.

    Stocktrader

    ReplyDelete
  7. Stocks100February 6, 2014 at 7:04 AM

    Hi Stocktrader,

    IF i want to buy or sell something i just do it.....

    YELP has broken out.....

    Saleem

    ReplyDelete
  8. stocktrader_1996February 6, 2014 at 7:11 AM

    Hey Saleem,

    It's more the regret of selling last night. I can't justify buying it now.

    Stocktrader

    ReplyDelete
  9. Stocks100February 6, 2014 at 7:22 AM

    Hi Stocktrader,

    YELP opened @ $82 & now @ $90....

    Saleem

    ReplyDelete
  10. stocktrader_1996February 6, 2014 at 7:22 AM

    Hey Saleem,

    Bought DATA @ 89.70.

    The quarter was absolutely amazing and I think these guys are a perfect fit for someone like IBM or HPQ.

    Stocktrader

    ReplyDelete
  11. Stocks100February 6, 2014 at 7:26 AM

    Hi Stocktrader,

    Good buying price on DATA..it jumped to $95.75....

    Saleem

    ReplyDelete
  12. stocktrader_1996February 6, 2014 at 10:32 AM

    Hey Saleem,

    Any thoughts on OCN? The chart and earnings look interesting despite the news today.

    Stocktrader

    ReplyDelete
  13. Stocks100February 6, 2014 at 10:47 AM

    Hi Stocktrader,

    Normally there is 3 day reaction on any bad news....so it may be a good idea to wait till it OCN is stable...

    Saleem

    ReplyDelete