Wednesday, May 21, 2014

Indices closed UP .81% to .97%....NICE !!!!

Indices closed @ high of the day.

 S&P 500 @ 1888.03, high 1888.80, low 1873.34

 RSI @ 54.79

 CMF @ 0.208

 Internals were :

 UP volume led by 2.61 to 1 in NYSE & 2.78 to 1 in Nasdaq

 Advancing stocks led by 1.88 to 1 in NYSE & 1.56 to 1 in Nasdaq

 Net new 52 wk highs were leading by 56 in NYSE & new lows were leading by 16 in Nasdaq

 VIX Down 8.10% @ 11.91

 Oil @ $104.07

 Gold @ $1288.10

 Stocks which were UP 1% or more included WUBA MU
RAD FB YHOO LNKD MA AMZN BIDU TSLA
PCLN KORS GOOGL LVS WYNN KOG 
TSL JKS CSIQ FSLR SINA CMG V
GTAT YNDX LRCX SNDK 
CIEN FNSR NFLX MCD
DATA CSOD MGA MS
TRLA Z GS TRIP....

 AH ER : HPQ Down .38%, SINA Down 4.35%,
               WB Down 6.17%, NTAP UP .81%

 AH Futures UP

 AH Asian Markets UP

 AH Oil Down

 AH Gold UP

 About market, TAPE was very strong & closed @ high of the day. Chinese Flash PMI for May came in @ 49.7% vs 48.1% for April, this is the best activity level in 5 months. I am expecting a strong day for Thursday, we may see new all time high in S&P 500 & may be Dow also.

 BLOG does NOT give buy or sell.

 Saleem


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12 comments:

  1. stocktrader_1996May 22, 2014 at 6:39 AM

    Hey Saleem,

    Sold SPLK @ 44.523 while gone briefly this morning.

    If CRM drop sharply after beating on all metrics, I can't see how SPLK will do anything when it reports next week.

    Stocktrader

    ReplyDelete
  2. Stocks100May 22, 2014 at 6:44 AM

    Hi Stocktrader,

    Good luck with your Rethink.

    Saleem

    ReplyDelete
  3. stocktrader_1996May 22, 2014 at 6:49 AM

    Hey Saleem,

    It looks like a horrible idea so far. Almost all the cloud/internet stocks are moving nicely higher this morning.

    Stocktrader

    ReplyDelete
  4. Stocks100May 22, 2014 at 7:08 AM

    Hi Stocktrader,

    Sooner or later everything recovers from high volume selling.

    Saleem

    ReplyDelete
  5. stocktrader_1996May 22, 2014 at 7:53 AM

    Hey Saleem,

    I have felt so foolish so many times this year--it's been quite humbling. I'm lucky to be only down ~5% after that +66% last year. I haven't been hurt much by all these missteps.

    Stocktrader

    ReplyDelete
  6. Stocks100May 22, 2014 at 8:00 AM

    Hi Stocktrader,

    Take today as the first day of this year.....

    Lot of stocks are screaming buy..

    Saleem

    ReplyDelete
  7. stocktrader_1996May 22, 2014 at 8:18 AM

    Hey Saleem,

    Bought FB @ 60.915. I'll dabble a little here and see what happens.

    Stocktrader

    ReplyDelete
  8. Stocks100May 22, 2014 at 8:24 AM

    Hi Stocktrader,

    Good luck with FB....

    Saleem

    ReplyDelete
  9. stocktrader_1996May 22, 2014 at 9:59 AM

    Hey Saleem,

    The biggest of the mistakes was selling YELP (which was one of the last I sold). Even though I was afraid the market might treat them poorly, and I feel there's a low probability of takeover, the business they have is worth more than $4B eventually, and the opportunity for competition to substantially take business is pretty much over--they have dominated the market now and should only gain strength and recognition over time.

    This is definitely where my next investment will be should I get a chance again.

    Stocktrader

    ReplyDelete
  10. Stocks100May 22, 2014 at 10:45 AM

    Hi Stocktrader,

    Good luck with your Next move in YELP.

    Saleem

    ReplyDelete
  11. stocktrader_1996May 22, 2014 at 10:45 AM

    Hey Saleem,

    These moves are absolutely crazy--look at CRM today.

    Stocktrader

    ReplyDelete
  12. Stocks100May 22, 2014 at 11:01 AM

    Hi Stocktrader,

    YES..7%++ move in CRM is nice...

    Saleem

    ReplyDelete