Tuesday, March 4, 2014

Indices closed UP 1.41% to 1.75%....NICE !!!!

Indices closed @ new record in S&P 500 & new 14 yr high in Nasdaq. Dow is lagging behind & is 190 below its high done @ end of 2013.

S&P 500 @ 1873.91, high 1876.23

RSI @ 65.36

CMF @ 0.330

Internals were :

UP volume led by 7.90 to 1 in NYSE & 7.36 to 1 in Nasdaq

Advancing stocks led by 5.24 to 1 in NYSE & 4.53 to 1 in Nasdaq

Net new 52 wk highs were leading by 281 in NYSE & 263 in Nasdaq

VIX Down 11.87% @ 14.10

Oil @ $103.33

Gold @ $1337.90

Stocks which were UP 2% or more included KOG MU TSL
YHOO MA JCP FB MGA LUV PCLN JKS CSIQ 
FSLR SPWR YNDX GRPN ARUN ZNGA 
AMCC FNSR C CMG SWIR PANW
SPLK WUBA CSOD MS TRLA
WYNN GS TRIP YELP
MLNX......

AH ER : YY UP .6%, SQM UP .13%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was strong till close, new record high close is a very good indicator of future gains in market. Solar came to life today with good earning reports.Many sectors are looking good like Tech, Solar, Precious metals & oil / Gas. Keep diversified & show patience for long term gains which i need to practice.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...

Hi Stocktrader,

Added 20% MU @ $24.71....

Saleem

stocktrader_1996 said...

Hey Saleem,

Good luck with the MU add-on. I'd not a huge fan of tech right now, but you've been spot on with your MU calls.

Stocktrader