Indices closed near high of the day.
S&P 500 @ 2011.36, high 2012.34, low 2003.07
RSI @ 62.64
CMF @ 0.231
Internals were :
UP volume led by 1.39 to 1 in NYSE & 1.99 to 1 in Nasdaq
Advancing stocks led by 1.53 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & 18 in Nasdaq
VIX Down 4.90% @ 12.03
Oil @ $93.07
Gold @ $1226.90
Stocks which were UP 1% or more included MU SWIR
KORS LVS BIDU CMG EBAY FFIV PCLN MA
INVN BSFT HIMX ARUN CRUS SNDK C
BRCM AMCC LSCC JDSU NXPI MS
GMCR WYNN GS TRIP.....
AH ER ...ORCL Down 1.81%, RHT Down 3.07%
TIBX Down 3.56%, HIMX UP 2.58%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong with Dow & S&P 500 @ all time highs. Tonight IBD is changing its market outlook to " market in confirmed uptrend ".Scotland is saying NO based on early count. It is all about BABA, Jimmy the Cramer saying buy @ $80, i am saying paying over $75 will be a mistake. Nasdaq should make a new 14 year high on Friday. Avoid BABA linked companies unless they are growing in Sales & EPS.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hey Saleem,
Sold NXPI @ 73.68 to take profits.
Stocktrader
Hi Stocktrader,
Good move in booking profit in NXPI.
Saleem
Hi Stocktrader,
Added 45 percent EGO @$7.16
Saleem
Bought a small amount of RAD 5.15
Bought CNQ as a hedge against inflation, but oil should be lower right now. I just wanted an asset, something other than cash.
I don't like EGO, because I don't trust gold's value. I'm watching gold stock though.
Hi Stocktrader,
Good luck with CNQ and RAD.
Saleem
Hey Saleem,
That was Western Firebird with the buys :). I'm holding tight currently but looking for ideas.
Stocktrader
Hey Saleem,
I am tempted by BTU, but very scared. They had a press release yesterday that indicates higher earnings, and I think the stock is being artificially depressed by removal from the S&P 500 today. Also, it is getting some sympathy selling from WLT's problems, but a WLT restructuring could help take off capacity.
Stocktrader
Hey Saleem,
I completely missed your EGO note. Good luck with the add--I bet gold surprises everyone (to the upside) at some point here, just not sure of the timing...
Stocktrader
Hey Saleem,
Sold SRPT @ 21.713 after the CEO indicated the main DMD trial has been delayed.
Stocktrader
Hi Stocktrader,
Gold is a contrary bet based on extreme negativity.....crowd is never write @ turns.....buy low sell high...
Saleem
Post a Comment