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
12 comments:
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
Hi Stocktrader,
Good luck with your Rethink.
Saleem
Hey Saleem,
It looks like a horrible idea so far. Almost all the cloud/internet stocks are moving nicely higher this morning.
Stocktrader
Hi Stocktrader,
Sooner or later everything recovers from high volume selling.
Saleem
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
Hi Stocktrader,
Take today as the first day of this year.....
Lot of stocks are screaming buy..
Saleem
Hey Saleem,
Bought FB @ 60.915. I'll dabble a little here and see what happens.
Stocktrader
Hi Stocktrader,
Good luck with FB....
Saleem
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
Hi Stocktrader,
Good luck with your Next move in YELP.
Saleem
Hey Saleem,
These moves are absolutely crazy--look at CRM today.
Stocktrader
Hi Stocktrader,
YES..7%++ move in CRM is nice...
Saleem
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