Wednesday, April 16, 2014

Indices closed UP 1% to 1.29%.....NICE !!!!

TAPE was strong & closed UP 3 day's in a row.

 S&P 500 @ 1862.31, low 1846.01

 RSI @ 52.37

 CMF @ 0.041

 Internals were :

 UP volume led by 3.68 to 1 in NYSE & 4.40 to 1 in Nasdaq

 Advancing stocks led by 3.88 to 1 in NYSE & 4.40 to 1 in Nasdaq

 Net new 52 wk highs were leading by 88 in NYSE & 5 in Nasdaq

 VIX Down 9.16% @ 14.18

 Oil @ $103.76

 Gold @ $1303.50

 Stocks which were UP 2% or more included JKS PANW YELP
OTEX YY EXPE YHOO MA V AMZN TSLA PCLN
GOOGL LVS TSL CSIQ CMG YNDX ARUN
CIEN FNSR SBUX Z....

 AH ER : AXP Down .92%, GOOG Down 3.15%
               IBM Down 4.23%, SNDK UP 5.80%

 AH Futures Down

 AH Asian Markets UP

 AH Oil UP

 AH Gold Down

 About market, Dow & S&P 500 closed @ absolute high point of the day, Nasdaq missed it by 5 tick that showed strength of this TAPE. We are looking @ ongoing UP move with some consolidation. Buying on any weakness should work.

 BLOG does NOT give buy or sell.

 Saleem
at

6 comments:

  1. stocktrader_1996April 17, 2014 at 11:42 AM

    Hey Saleem,

    I am tempted to trim some of my AAL and buy some WUBA back. With WB performing so well after pricing/opening so poorly, I wonder if we'll get a big rush into beta/China/internet plays because it might seem like the coast is clear.

    Stocktrader

    ReplyDelete
  2. Stocks100April 17, 2014 at 11:45 AM

    Hi Stocktrader,

    YES...that is a great thesis....

    WB was maligned & opened below IPO...now it is UP only 30%...

    I say go for it .....WUBA is almost ready to fly $$$$$$

    Saleem

    ReplyDelete
  3. Western FirebirdApril 17, 2014 at 12:06 PM

    Hi Saleem,

    What makes you bet on Orbitz?

    Two other interesting gambles:
    NUSMF (Nautilus Minerals - Deep Sea Mining)
    PUGE (Puget Technologies - 3D printing)

    Congrats on MU today. And nice on selling EGO.

    ReplyDelete
  4. Stocks100April 17, 2014 at 12:11 PM

    Hi Western,

    OWW is a profitable company & price is near bottom of its range.....those are two good reason to be in it.

    Thanks for MU & EGO.......

    As market has brought many stocks down...there are many opportunities for long term bet....

    Good luck with your strategy.

    Saleem

    ReplyDelete
  5. Western FirebirdApril 17, 2014 at 12:11 PM

    Wow, GRPN is rocketing.

    And RAD & WUBA continues to rise.

    You should be paid for these picks.

    ReplyDelete
  6. Stocks100April 17, 2014 at 12:17 PM

    Hi Western,

    Thanks for your compliment...which what i appreciate the most.

    Saleem

    ReplyDelete