Monday, August 4, 2014

Indices closed UP .46% to .72%.....NICE !!!!

Indices closed UP after some hesitation.

 S&P 500 @ 1938.99, high 1942.92, low 1921.20

 RSI @ 41.18

 CMF @ 0.050

 Internals were :

 UP volume led by 2.56 to 1 in NYSE & 2.27 to 1 in Nasdaq

 Advancing stocks led by 1.60 to 1 in NYSE & 1.70 to 1 in Nasdaq

 Net new 52 wk lows were leading by 43 in NYSE & 58 in Nasdaq

 VIX Down 11.22% @ 15.12

 Oil @ $98.29

 Gold @ $1287.70

 Stocks which were UP 1% or more included FB MU SWIR
QIHU GTAT WUBA YY YELP YHOO BIDU TSLA
PCLN GOOGL GRPN OWW COH LVS KOG
CSIQ AMZN SINA CMG SU EBAY FSLR
INVN HIMX SNDK PANW M SPLK
X STLD CCJ DATA CSOD MGA
WLT Z WYNN AGU.....

 AH ER ...GTAT UP 11.26%, SALE Down 20.75%

 AH Futures Down

 AH Asian Markets Down

 AH Oil UP

 AH Gold Down

 About market, TAPE staged an oversold bounce on low volume. TAPE may remain erratic & we have to watch for direction. Nasdaq is well above 50 DMA which may be telling us that there is strength in some techs, overall direction for other stocks may be challenged. This remains a trading market & profit may be difficult to keep unless you book it quickly.

 BLOG does NOT give buy or sell.

 Saleem
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12 comments:

  1. stocktrader_1996August 5, 2014 at 6:33 AM

    Hey Saleem,

    Bought GS @ 171.10

    Stocktrader

    ReplyDelete
  2. Stocks100August 5, 2014 at 6:43 AM

    Hi Stocktrader,

    Good luck with GS.

    Saleem

    ReplyDelete
  3. stocktrader_1996August 5, 2014 at 7:02 AM

    Hey Saleem,

    Bought ETN @ 67.86.

    Stocktrader

    ReplyDelete
  4. Stocks100August 5, 2014 at 7:14 AM

    Hi Stocktrader,

    What a drop in ETN...5 day drop...
    Good luck with your buy.

    Saleem

    ReplyDelete
  5. stocktrader_1996August 5, 2014 at 7:41 AM

    Hey Saleem,

    I think the geopolitical events are mostly risked to the better now after some digestion, and good July economic data allays my fears of a slowdown in the US somewhat.

    Stocktrader

    ReplyDelete
  6. Stocks100August 5, 2014 at 7:51 AM

    Hi Stocktrader,

    I feel August and September will be choppy....Chinese economy and conflicts are the main issue.

    Saleem

    ReplyDelete
  7. stocktrader_1996August 5, 2014 at 11:01 AM

    Hey Saleem,

    Bought CMI @ 139.36.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996August 5, 2014 at 11:03 AM

    Hey Saleem,

    Bought POT @ 34.91.

    Stocktrader

    ReplyDelete
  9. stocktrader_1996August 5, 2014 at 11:08 AM

    Hey Saleem,

    Bought a speculative position in SRPT @ 22.265.

    Stocktrader

    ReplyDelete
  10. stocktrader_1996August 5, 2014 at 11:10 AM

    Hey Saleem,

    Bought SPLK @ 44.094
    Bought NOW @ 56.56

    Stocktrader

    ReplyDelete
  11. stocktrader_1996August 5, 2014 at 11:12 AM

    Hey Saleem,

    Bought GM @ 33.195.

    Stocktrader

    ReplyDelete
  12. Stocks100August 5, 2014 at 11:22 AM

    Hi Stocktrader,

    Good luck with CMI,POT,SRPT,SPLK,NOW& GM....

    Saleem

    ReplyDelete