Wednesday, April 23, 2014

Indices closed down .08% to .83%....

Indices took a pause & closed lower.

 S&P 500 @ 1875.39, high 1879.75, low 1873.91

 RSI @ 55.46

 CMF @ 0.101

 Internals were :

 Down volume led by 1.12 to 1 in NYSE & 2.07 to 1 in Nasdaq

 Declining stocks led by 1.06 to 1 in NYSE & 2.19 to 1 in Nasdaq

 Net new 52 wk highs were leading by 128 on NYSE & by 13 in Nasdaq

 VIX UP .61% @ 13.27

 Oil @ $101.44

 Gold @ $1284.60

 AH ER :

 QCOM Down 3.89%, FIO Down 4.75%

 FB UP 3.57%, AAPL UP 7.89%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE rested today on poor housing data in US. AH came "surprisingly strong earnings from FB & AAPL"......AAPL earnings report was a complete surprise to me & all the analysts who cover this stock. Benefit of surprisingly strong earnings that it gives boost to market to go further UP.

 BLOG does NOT give buy or sell.

 Saleem
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7 comments:

  1. stocktrader_1996April 24, 2014 at 6:39 AM

    Hey Saleem,

    Sold WUBA @ 45.80.

    Stocktrader

    ReplyDelete
  2. Stocks100April 24, 2014 at 6:43 AM

    Hi Stocktrader,

    Good move $$$$$

    Saleem

    ReplyDelete
  3. stocktrader_1996April 24, 2014 at 6:46 AM

    Hey Saleem,

    I had forgotten I wanted to sell this morning since I was restricted yesterday still when I sold the rest of those internet/software stocks. I didn't remember until I was already on my dropoff run this morning--I probably could have gotten a better fill, but still made some money.

    Stocktrader

    ReplyDelete
  4. Stocks100April 24, 2014 at 6:52 AM

    Hi Stocktrader,

    When you make money on any trade....it is a good move....

    Saleem

    ReplyDelete
  5. stocktrader_1996April 24, 2014 at 9:38 AM

    Hey Saleem,

    There's too much volatility in this market to be a legitimate candidate for breakout to new highs (except for maybe a day or two--would fail). I think investors need to be cautious here.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996April 24, 2014 at 10:50 AM

    Hey Saleem,

    Bought my hedge again, TZA @ 16.55. I'd been considering it for an hour or so and missed out on nearly $0.30, but better late than never?

    Stocktrader

    ReplyDelete
  7. Stocks100April 24, 2014 at 11:15 AM

    Hi Stocktrader,

    Was out.....saw your note.

    Good luck with your strategy with TZA hedge.

    Saleem

    ReplyDelete