Nasdaq made another 14 year high, but Dow was red @ close.
S&P 500 @ 1840.76, high 1842.87
RSI @ 60.70
CMF @ 0.206
Internals were :
UP volume led by 1.28 to 1 in NYSE & 2.83 to 1 in Nasdaq
Advancing stocks led by 2.02 to 1 in NYSE & 4.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 196 in NYSE & 169 in Nasdaq
VIX UP 2.21% @ 13.87
Oil @ $102.43
Gold @ $ 1324.40
Stocks which were UP 1% or more included KOG MU ZNGA
HMY LNKD BBRY BIDU EXPE TSLA PCLN JKS
FSLR TSL CSIQ ARUN SINA AG SWIR
PANW GMCR EGO SLW WUBA
CSOD TRLA Z TRIP YELP....
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continues its gradual move UP. Despite poor economic data S&P 500 & Nasdaq closed UP.Internals of the market was stronger than close. Many stocks keeps making new 52 wk highs. Stay diversified in many sectors with few micro-caps,They may do well in this environment.
BLOG does NOT give buy or sell.
Saleem
11 comments:
NASDAQ 5000 will end this bull cycle
Hi Djovanny,
I agree with the part of Nasdaq 5000 & higher but not with part of bull cycle ending......this bull may go on longer than what you may be ready for......time will tell.
Saleem
Hey Saleem,
Sold SPLK @ 85.693.
Stocktrader
Hey Saleem,
I'm been thinking for a couple days now about valuation and today there's a channel check from OTR Global that indicates some deceleration from November. I thought this would be a good chance to sell.
Stocktrader
Hey Saleem,
Sold Z @ 82.80.
As you know I made a mistake with this position and even though it is near support, I have no conviction in the holding, so I feel it best to just sell and move on.
Stocktrader
Hey Saleem,
I was looking at LNKD over the weekend but it's up $10+ already since then. I'm not sure if/how to play it now.
Stocktrader
Hi Stocktrader,
Added 70% ALU @ $4.27....
About LNKD..it is a "strong buy"
Good moves with SPLK & Z....
Saleem
Hey Saleem,
Added to AGU @ 88.846 based on valuation, 200 DMA bounce, and CF's good report.
Stocktrader
Hi Stocktrader,
Good luck with AGU.
Saleem
Hey Saleem,
Good luck with the additional ALU. It's outside my sphere of knowledge.
Sold YELP @ 90.902.
This stock has been acting strangely since I purchased it. I wonder if the sentiment on their outlook is being affected by the weather? The more I look at it, the more it feels like it needs to test lower first.
Stocktrader
Hi Stocktrader,
TAPE has become difficult in terms of getting traction in most stocks....intraday swing is too much.
Saleem
Post a Comment