Tuesday, February 4, 2014

Indices closed UP .47% to .86%....NICE !!!!

Indices closed UP on average volume.

S&P 500 @ 1755.20, high 1758.73

RSI @ 36.09

CMF @ 0.068

Internals were :

UP volume led by 3.04 to 1 in NYSE & 2.27 to 1 in Nasdaq

Advancing stocks led by 2.12 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk lows were leading by 41 in NYSE & 22 in Nasdaq

VIX Down 10.87% @ 19.11

Oil @ $97.19

Gold @ $1251.20

Stocks which were UP 1.5% or more included EXTR JKS KOG
SWIR TWTR BBRY FB BIDU KORS TSL CSIQ FSLR
YHOO LEN SINA DNKN YUM YNDX PANW Z
SPLK SBUX EGO GG WLT WYNN TRIP 
YELP MLNX.....

AH ER DATA UP 15.13%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was much better today by staging an oversold bounce. We may go sideways to slightly lower until Friday's jobs report. It is important to act "opportunistically" @ money making ideas. Many stocks are "priced for perfection" & may tumble @ ER, TWTR may be one of those risky bet.

BLOG does NOT give buy or sell.

Saleem

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