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
7 comments:
Hey Saleem,
Sold WUBA @ 45.80.
Stocktrader
Hi Stocktrader,
Good move $$$$$
Saleem
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
Hi Stocktrader,
When you make money on any trade....it is a good move....
Saleem
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
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
Hi Stocktrader,
Was out.....saw your note.
Good luck with your strategy with TZA hedge.
Saleem
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