Wednesday, May 7, 2014

Indices closed mixed.....

Indices closed mixed after being down.

S&P 500 @ 1878.21, high 1878.83, low 1859.79

RSI @ 53.96

CMF @ 0.205

Internals were :

UP volume led by 2.02 to 1 in NYSE & .63 to 1 in Nasdaq

Advancing stocks led by 1.85 to 1 in NYSE & .81 to 1 in Nasdaq

Net new 52 wk highs were leading by 59 in NYSE & new lows were leading by 133 in Nasdaq

VIX Down 2.90% @ 13.40

Oil @ $100.77

Gold @ $1288.90

AH ER :  TSLA Down 7.62%, CTRP UP 3.12%,
               Z UP 4.51%, GMCR UP 6.55%, SCTY UP 7.29%

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE continues to be painful for most participant, character of this TAPE has changed & it may be setting UP for nasty downward move eventually, Nasdaq is looking very sick. In the meantime stay nimble & get involved with stocks which you know well.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hey Saleem,

Z is looking really strong in price action to go along with the great earnings last night. Based on the profitability progression and the huge short interest and high relative strength already, it would not surprise me to see it north of $110 by the end of the day.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Swapped a portion of MS @ 30.095 for Z @ 100.997.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Z CEO was very impressive in his CNBC lnterview...I like their software which provide next year home value.

Good luck with Z....

Saleem