Tuesday, April 22, 2014

Indices closed UP .40% to .97%......NICE !!!!!

Indices continued their UP close on good earning momentum.

 S&P 500 @ 1879.55, high 1884.89, low 1872.57

 RSI @ 56.90

 CMF @ 0.133

 Internals were :

 UP volume led by 2.42 to 1 in NYSE & 3.72 to 1 in Nasdaq

 Advancing stocks led by 2.75 to 1 in NYSE & 2.67 to 1 in Nasdaq

 Net new 52 wk highs were leading by 124 in NYSE & 51 in Nasdaq

 VIX Down .45% @ 13.19

 Oil @ $102.13

 Gold @ $1281.10

 Stocks which were UP 2% or more included WUBA GRPN MU OWW SWIR YY SPLK FB TSLA KORS AG LVS WYNN 
TSL JKSCSIQ FSLR SPWR INVN AMCC NFLX 
PANW TRLA MLNX.....

 AH ER / News :YUM UP 3.74%, SWKS UP 8.80%
                          VMW Down 4.99%, CREE Down 7.82%
                          PLUG Down 8.66%

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, upward momentum continues & internals are getting stronger. Key earnings report are AH from FB & AAPL, i am expecting one good & one bad. Good earning report should carry the day on Thursday BUT if both are bad we could be in trouble with a sharp pullback. As TAPE has been very good, do not forget to book some gains.

 BLOG does NOT give buy or sell.

 Saleem
                         
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9 comments:

  1. Stocks100April 23, 2014 at 7:04 AM

    Hi Stocktrader,

    Added 15% LULU @ $48.12.....

    Saleem

    ReplyDelete
  2. stocktrader_1996April 23, 2014 at 7:08 AM

    Hey Saleem,

    Good luck with more LULU. I think traders are mostly washed out of the name, so I think you have a good entry.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996April 23, 2014 at 7:21 AM

    Hey Saleem,

    This could be sentimentally big for the likes of JKS, TSL, etc:

    http://www.digitimes.com/news/a20140423PD210.html

    Stocktrader

    ReplyDelete
  4. stocktrader_1996April 23, 2014 at 7:22 AM

    Hey Saleem,

    Added to JKS @ 30.11.

    Stocktrader

    ReplyDelete
  5. Stocks100April 23, 2014 at 7:42 AM

    Hi Stocktrader,

    Good luck with JKS add on.

    I have to read that article you referenced.

    Saleem

    ReplyDelete
  6. stocktrader_1996April 23, 2014 at 7:43 AM

    Hey Saleem,

    It basically says TSLA will use locally-sourced PV modules to build its supercharger network in China.

    Stocktrader

    ReplyDelete
  7. Stocks100April 23, 2014 at 8:14 AM

    Hi Stocktrader,

    YES...That will be very bullish...do you know the timeliness for that factory..

    Saleem

    ReplyDelete
  8. stocktrader_1996April 23, 2014 at 9:50 AM

    Hey Saleem,

    I'm not sure, and I know it will roll out slowly, but I was making more a call on the major Chinese PV players who consistently have P/Es well below that of their American peers. This kind of news could close that gap at least a little.

    Stocktrader

    ReplyDelete
  9. Stocks100April 23, 2014 at 10:08 AM

    Hi Stocktrader,

    SPWR is catching up fast to its recent decline on GOOG linkup news....

    Chinese Solars Q1 is iffy based on YGE & TSL announcement of lower shipment.....

    Saleem

    ReplyDelete