Tuesday, April 29, 2014

Indices closed UP .48% to .72%.....NICE !!!!

Indices closed UP.

S&P 500 @ 1878.33, high 1880.60, low 1870.78

RSI @ 55.68

CMF @ 0.158

Internals were :

UP volume led by 1.79 to 1 in NYSE & 2.08 to 1 in Nasdaq

Advancing stocks led by 1.48 to 1 in NYSE & 1.12 to 1 in Nasdaq

Net new 52 wk highs were leading by 83 in NYSE & lows were leading by 23 in Nasdaq

VIX Down 1.86% @ 13.71

Oil @ $101.28

Gold @ $1296.30

AH ER : EBAY Down 4.33%, PNRA Down 4.4%

              TWTR Down 11.19%, RFMD UP 6.62%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, Indices strength did not translate into strong internals, also volume was lower than yesterday. Dow & S&P 500 are one day away from making new all time high, Dow 96.26 points away & S&P 500 only 18.96 away, Nasdaq remained @ a distant 9+ days for new highs. TAPE seems difficult to navigate based on lower volume & famous May one day away.

BLOG does NOT give buy or sell.

Saleem

7 comments:

stocktrader_1996 said...

Hey Saleem,

Of all the cloud/internet earnings reports this season, I'm looking forward to PFPT (tonight) the most given the potential for accelerating growth. The rest of the companies had such a blowout Q4s that I think it might be hard to match in Q1.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Bought FDX @ 136.18 and MS @ 30.579.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

I am also interested in a homebuilder as I think the data points have troughed.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with FDX & MS..

Will wait for your analysis of PFPT ER...

Saleem

Stocks100 said...

Hi Stocktrader,

I think XHB has seen its low for now...

Saleem

stocktrader_1996 said...

Hey Saleem,

Bought WLH @ 25.848.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Bought M @ 57.008.

Stocktrader