Indices closed mixed after 4 days of UP move.
S&P 500 @ 1819.26, low 1815.97, high 1826.55
RSI @ 55.40
CMF @ 0.143
Internals were :
UP volume led by 1.0 to 1 in NYSE & 1.69 to 1 in Nasdaq
Advancing stocks led by 1.34 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 100 in Nasdaq
VIX Down 1.45% @ 14.30
Oil @ $100.37
Gold @ $1295.00
Stocks which were UP 1% or more included KOG ZNGA
LULU AMCC EXPE PCLN JKS TWTR KORS V
RVBD STLD CCJ WUBA SPWR WLT Z
TRLA TRIP.....
AH ER : Z Down 1.61%, NTAP Down 3.22%,
CSCO Down 4.16%
SPWR Down 4.74%, WFM Down 7.50%,
ANGI Down 15.79%
NVDA UP 3.92%....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was neutral after a huge run, any weakness is a a good trading opportunity. TAPE has changed from buy & hold to a "swing trading format"...which is not a bad thing. Former leaders like Airlines & Solar stocks are stalling. We may have entered a dull period in market where movement may be limited on both UP & DOWN days.......
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hey Saleem,
Lots of interesting things on the Z conference call despite the flattening housing market, including expansion into rentals and mortgages which increases the total opportunity greatly.
I might be looking to buy Z or TRLA on a dip, especially as they have rested for 6+ months on the chart.
Stocktrader
Hi Stocktrader,
Thanks for your take of Z cc...
I am buying couple of stocks today....
Saleem
Hey Saleem,
Bought YELP @ 90.60.
Stocktrader
Hey Saleem,
My current "top" prospects are DATA and PFPT if you are looking for ideas (DATA already up $2.50 today so more problematic to add).
Stocktrader
Hey Saleem,
Sold POT @ 33.54 to take profits and reduce my fertilizer exposure (since I have MOS and AGU also).
The sweet spot for fertilizer right now is phosphates, and MOS has both that and also a number of stock-specific catalysts.
AGU is more diversified and cheaper than POT.
Stocktrader
Hey Saleem,
Sold QUNR @ 26.15.
CTRP reported last night and results were good but, in listening to the conference call, the competition is extremely fierce right now and coupons for customers are smashing margins. I'm uncomfortable with the QUNR position now because I'm not sure how this will shake out despite massive top line growth. I'll stick with companies where I have better visibility.
Stocktrader
Hi Stocktrader,
Bought MU @ $24.73......
Waiting for a fill in ALU.....
Thanks for your suggestion for DATA...which has moved UP.
Saleem
Hey Saleem,
Good luck with MU and possibly ALU.
Stocktrader
Hi Stocktrader,
Finally i got my fill @ my price of $4.27 in ALU.....
Saleem
Hi Stocktrader,
Good luck with YELP..a winner ....
Good move in selling QUNR & POT....
YES..MOS & AGU are much better because of diversified portfolio in their business.
Saleem
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