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
13 comments:
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
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
Hi Stocktrader,
Sold TWTR $51.70
Saleem
Hey Saleem,
It has been a challenging earnings season on all fronts.
Stocktrader
Hi Stocktrader,
Today is first day from hereon....hopefully better strategy & luck.....
Saleem
Hey Saleem,
Great perspective--I keep staring at YELP today...that's not helping me.
Stocktrader
Hi Stocktrader,
IF i want to buy or sell something i just do it.....
YELP has broken out.....
Saleem
Hey Saleem,
It's more the regret of selling last night. I can't justify buying it now.
Stocktrader
Hi Stocktrader,
YELP opened @ $82 & now @ $90....
Saleem
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
Hi Stocktrader,
Good buying price on DATA..it jumped to $95.75....
Saleem
Hey Saleem,
Any thoughts on OCN? The chart and earnings look interesting despite the news today.
Stocktrader
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
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