Indices closed UP after 3 days of selling.
S&P 500 @ 1851.96, high 1854.95, low 1837.49
RSI @ 47.13
CMF @ -0.009
Internals were :
UP volume led by 2.20 to 1 in NYSE & 2.37 to 1 in Nasdaq
Advancing stocks led by 2.17 to 1 in NYSE & 2.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & lows were leading by 12 in Nasdaq
VIX Down 4.37% @ 14.89
Oil @ $102.56
Gold @ $1309.10
Stocks which closed UP 2% or more included WUBA MU OWW
SWIR YY EXPE YHOO LNKD AMZN FB BIDU TSLA
KORS GOOGL KOG TSL JKS SINA CMG SU
EBAY FSLR INVN CRUS ZNGA PANW
X ABX AEM GIB WLT TRIP MLNX.....
AH ER AA UP 2.47%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE struggled before it closed in green in all indices, Nasdaq & S&P 500 closed near high of the day but Dow struggled the most but closed near mid point of the day. We need a confirmation green close to know that TAPE has some buying momentum. There is plenty of trading opportunities while we wait for TAPE to be decisive. It is all about making money not making market prediction a pastime / focus of many.
BLOG does NOT give buy or sell.
Saleem
13 comments:
Hey Saleem,
You just get the sense this morning that the mood has lifted some. I think it could be a nice outperformance day for the $COMPX again--the selling has finally exhausted itself?
Stocktrader
Hi Stocktrader,
YES...$$$$$ is in the air !!!!
Saleem
Hi Stocktrader,
Bought GRPN @ $7.40.....
Saleem
Hey Saleem,
Good luck with GRPN. That company confuses me very much, but the stock is so beat up here.
Stocktrader
Hi Stocktrader,
GRPN RSI @ 30.27......
Saleem
Hey Saleem,
Added some SPLK @ 62.23.
Stocktrader
Hey Saleem,
Added to NOW @ 51.93.
I think it is safe to enter the leaders now.
Stocktrader
Hi Stocktrader,
YES....they all have corrected big time....20% down is bargain....
Saleem
Hi Stocktrader,
Good luck with add on in SPLK & NOW...
Saleem
Hey Saleem,
Portfolio update since I made so many changes already this week:
AAL - 20%
DATA SPLK NOW - 8%
PFPT GM - 7%
YELP - 5%
SGMO - 2%
Cash - 35%
I guess I should have sold GM yesterday along with my other cyclicals but I just thought it was too cheap. Cheap gets cheaper I guess.
Stocktrader
Hi Stocktrader,
Thanks for the update of your portfolio weighting.
GM was downgraded today plus being fined ......causing down day.
Saleem
Hey Saleem,
Yes, I saw that downgrade. When I bought, I thought there'd be more upgrades than downgrades due to valuation and lack of more negative catalysts. Since then, I've seen 2 or 3 downgrades...crazy.
Stocktrader
Hi Stocktrader,
CMF has gone positive on GM today....
Saleem
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