Indices closed mixed despite better economic data.
S&P 500 @ 1877.03, high 1881.94
RSI @ 66.14
CMF @ .263
Internals were :
UP volume led by 1.74 to 1 in NYSE & .84 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & 196 in Nasdaq
VIX UP 2.30% @ 14.21
Oil @ $101.56
Gold @ $1351.80....a new closing 4 month high...
Stocks which were UP 1% or more included TSL
JKS JCP SSRI CMG YUM BIDU LRCX AG
HMY SWIR SBUX X GG AEM WUBA
WLT AGU TRIP MLNX....
AH ER : FNSR Down ,17%, QIHU Down 1.46%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, it is all about jobs report which is expected to show job creation of 150K , most pundits are scared to even guess expecting a bad number. Diane Swonk thinks it is +185K.....my guess we should be above 100K. S&P 500 & Nasdaq made new highs today, S&P 500 was all time high & Nasdaq a new 14 year high. TAPE is telling us that we go higher with reasonable job growth or "surprisingly better than expected job growth".......
BLOG does NOT give buy or sell.
PS..was tied up with running a software which took 3 hours...
Saleem
8 comments:
Hey Saleem,
Added to AXLL @ 46.40.
Stocktrader
Hi Stocktrader,
Good luck with AXLL....
Saleem
Hey Saleem,
I'm looking closely at WPRT. If it breaks $18, it could run 10% easily. The first speech by the new EPA commissioner yesterday made supportive comments about natural gas engines.
Stocktrader
Hi Stocktrader,
Chart is looking good in WPRT...
Good luck !
Saleem
Hey Saleem,
I had an order for PFPT @ 42.67 but decided to pull due to my thesis on those kinds of stocks. It would have been looking nice today, but I bet it can trickle down further over coming weeks?
I'm watching FEYE to see how Wall Street is now treating these new growth stock "bargains". So far, the reception has been lukewarm.
Stocktrader
Hi Stocktrader,
FEYE is doing a secondary today...
Saleem
Hey Saleem,
Right, I was wondering if investors would step right in to drive it up. We've seen that kind of action in the past, but this secondary is weighing heavily. Down $12 in 2 days, albeit after a huge run.
Stocktrader
Hi Stocktrader,
Sometimes we look at opportunity staring at us....FEYE could be that....
Saleem
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