Fed minutes revealed their focus on raising interest rates in 2015, that brought the whole market sharply lower.
S&P 500 @ 1828.75, low 1826.99
RSI @ 56.25
CMF @ 0.151
Internals were :
Down volume led by 2.36 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.81 to 1 in NYSE & 2.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 139 in NYSE & 128 in Nasdaq
VIX UP 11.75% @ 15.50
Oil @ $103.31
Gold @ $1320.40
AH News : TSLA UP 12.51%, FB Down 2.7%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Fed minutes was bad enough but after hour Chinese Flash PMI came in @ 48.3% in Feb vs 49.5 in January, this is 7 month low. Strength of this TAPE will be tested after open, as long as we do not close @ low this is not a bull deal breaker.
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteThe FB acquisition really had my attention in after hours. $19B total for a company I honestly had barely heard of...I'll probably buy back YELP in the morning if I can get a good price.
Stocktrader
Hi Stocktrader,
ReplyDeleteYES..that is a great analysis of YELP valuation & you may get it cheaper.
Saleem
tsla , fb , twtr will be best short candidate later this year
ReplyDeleteHi Djovanny,
ReplyDeleteShorting is extremely dangerous in momentum names....they are propped UP by billionaires......
Saleem
Hey Saleem,
ReplyDeleteBought YELP @ 91.34 while gone this morning. I apparently jumped a little early, but I didn't want to miss it while I was briefly gone. I just put in an order for $92 and got the lower fill when the stock opened.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with YELP.
Saleem
Hey Saleem,
ReplyDeleteBought back the CLDX I sold last week. Got 27.648 avg.
Stocktrader
Hi Stocktrader,
ReplyDeleteGreat trading strategy in CLDX...
Saleem