Janet Yellen's testimony & Q&A went well, market liked her answers.
S&P 500 @ 1819.75, high 1823.54
RSI @ 55.55
CMF @ 0.200
Internals were :
UP volume led by 5.55 to 1 in NYSE & 2.81 to 1 in Nasdaq
Advancing stocks led by 3.55 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & 84 in Nasdaq
VIX Down 4.91% @ 14.51
Oil @ $99.94
Gold @ $1289.80
Stocks which were UP 2% or more included KOG
SSRI JCP INVN CRUS FB LRCX FNSR
LVS FFIV GMCR SPLK X STLD
GG EGO SLW WLT GS.....
AH ER : TRIP Down 1.72%, CSOD Down 2.24%,
FEYE Down 6.87%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong & closed near high of the day, IBD tonight has changed its market outlook to "market in confirmed uptrend". Chinese Trade data was mixed Export for January UP 10.6% vs 2% forecast but imports were UP 10% vs forecast of 3%. I believe that we need to digest gains of 85.62 points or a gain of 7.38% in last 4 trading days.
BLOG does NOT give buy or sell.
Saleem
15 comments:
we entered final stage of the bull market . most money will be made from now till may ... sell in may and go away will work this year like never b4 ... gold sector is sector to be in for next 2-3 years ... good luck
Hi Djovanny,
Thanks for your take on market.
I agree with Gold being the best investment going forward.
BUT...market may peter out long before May.....
Booking gains in non-gold stocks is highly recommended.
Saleem
Hi Stocktrader,
Sold MU @ $ 25.07...
Saleem
Hey Saleem,
Nice run on MU! Any new ideas on the radar?
Stocktrader
Hi Stocktrader,
I am looking @ a silver stock SSRI...
Saleem
Hi Stocktrader,
Bought SSRI @ $9.68
Saleem
Hey Saleem,
Good luck with the metals exposure. The market is acting strange in a lot of ways today--hopefully just morning profit taking.
Stocktrader
Hey Saleem,
Took profits in CLDX @ 27.73. It is running up ahead of a presentation later today, and so I'm not sure this move is "real".
Stocktrader
Hi Stocktrader,
I wrote market needs to digest its gains...means mild selling.
Good move in CLDX.
Saleem
Hi Stocktrader,
Sold JKS $30.30
Saleem
Hey Saleem,
Oh, interesting. I thought it's shown some pretty good relative strength to its peers in the last couple days.
Stocktrader
Hi Stocktrader,
YES JKS did but the whole sector is very mixed.....do not see the same momentum as before....
I may get back in @ better price & or before earnings on March 3rd....
Saleem
i took risk with jaso today and rsol ,but i agree on silver miners -they should perform better then gold IMHO
as for market i think nasdaq will see 5000 this year. abnormal reaction on yellen speech makes me think its possible now
Hi Djovanny,
Good luck with JASO & RSOL.
About Nasdaq 5000 is doable by end of year.
SSRI is very interesting for me based on technicals...
Saleem
Post a Comment