Indices went UP & by close lost most of the gains, only Nasdaq was UP.
S&P 500 @ 1883.68, low 1878.04, high 1888.59
RSI @ 57.26
CMF @ 0.134
Internals were :
UP volume led by 1.03 to 1 in NYSE & 1.25 to 1 in Nasdaq
Advancing stocks led by 1.33 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 95 in NYSE & new lows were leading by 15 in Nasdaq
VIX Down 1.19% @ 13.25
Oil @ $99.42
Gold @ $1283.40
Stocks which were UP 1% or more included WUBA GRPN SWIR OWW RAD FB GM YY YELP EXPE YHOO LNKD AMZN BIDU PCLN KORS SPWR JKS CSIQ ONVO ARUN LEN SINA FFIV V PANW STLD CSOD TRLA WYNN ....
AH ER : EXPE Down 2.53%, LNKD Down 4.57%, SWIR Down 4.93%, KOG Down 7.78%, INVN Down 15.01%, AKAM UP 2.05%, WYNN UP 2.65%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down.
About market, it is all about jobs report, expectations is for jobs growth of 210K, I expect almost 225 K. Anything better than consensus will be greeted by a huge rally as it will confirm Fed view that US economy is heading in the right direction. Don't be shocked IF my guess is lower than actual jobs growth.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hey Saleem,
I don't have many good stock ideas right now besides adding to current positions and getting PFPT on a dip (or CSOD on a bigger dip).
I feel like being fully invested is the right move right now, I just don't know where to go. My specialty is not really in the "normal" stocks.
Stocktrader
Hey Saleem,
Added to MS @ 31.36. I'm a little nervous at European exposure if something happens in Ukraine, but the chart is a thing of beauty, and fundamentals are strong and improving still.
Stocktrader
Hey Saleem,
Added to M @ 57.67.
I have just enough buying power left to try and pick off PFPT and CSOD (or any other speculative stock) on dips.
Stocktrader
Hi Stocktrader,
Your favorite PFPT is slightly lower
Maybe a good idea to buy....
Saleem
Hey Saleem,
I feel like I need to be patient on the cloud/internet stocks still. With so much attention on the economy inflecting to growth overall, I think those high growth stocks will still be choppy.
Stocktrader
Hi stocktrader,
It is important to be extremely comfortable with any buys or add on...buying what you know is a better idea.
Saleem
Hey Saleem,
I've found that in the week or so following these cloud earnings reports, the insider selling window opens again and we see pressure. Now, given that we're down so much already, maybe they won't, but many are on automatic selling plans.
CSOD is benefiting from not being as bad as expected, although there's not much to get incrementally excited about besides valuation (which is low compared to its peers). Additionally, they seem to be having increased sales cycle times on larger deals, which we've seen elsewhere also, so there's some execution risk amongst all these companies in that respect.
Stocktrader
Hl Stocktrader,
You are analyzing all the latest information to make a a proper entry.
I normally do not follow IPO..
Saleem
Hey Saleem,
Bought PFPT @ 28.981.
I probably should have waited, but the price action is encouraging compared to some peers, and I wanted to get at least a little exposure to the sector.
Stocktrader
Hi Stocktrader,
Excellent move in buying PFPT...somehow this stock has good MOMO....
Saleem
Post a Comment