Friday, October 31, 2014

Indices closed UP 1.13% to 1.41%....NICE !!!!!

TAPE went into overdrive and closed @ high of the day. Dow & S&P 500 closed @ all time high, while Nasdaq @ highest point since March of 2000. What Fed took it away Japan gave it back and then some.

S&P 500 @ 2018.05, high 2018.19, low 2001.20

RSI @ 65.33

CMF @ 0.114

Internals were :

UP volume led by 4.55 to 1 in NYSE & 3.67 to 1 in Nasdaq

Advancing stocks led by 3.31 to in NYSE & 2.49 to 1 in Nasdaq

Net new 52 wk highs were leading by 290 in NYSE & 185 to 1 in Nasdaq

VIX Down 3.37% @ 14.03

Oil @ $80.54..lost 11.6% in October

Gold @ $1171.60 @ 4 year low , lost 3.3% in October

Stocks which were UP 2% or more included AKS MU NXPI
SWIR TSL QIHU YY YELP EXPE LNKD PCLN GRPN
WUBA KOG JKS CSIQ AMZN SINA YUM V WB
YNDX ARUN SNDK BRCM AMCC LSCC X
JDSU FNSR NFLX CCJ DATA SPWR 
CSOD MGA WLT TRLA Z TRIP
MLNX.......

Here is my weighting :

LULU 28.07%

EGO  25.33%

MU    23.90%

NXPI 13.22%

AKS   9.48%

Exposure 186%

Next post by 2 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

2 comments:

Charlie Fallon said...

Hi Salem, do you think outcome of midterm elections will affect stocks? Thanks charlie

Stocks100 said...

Hi Charlie,

Everything can affect stock market IF there is a surprise towards negativity.

IF republicans take Senate..TAPE will fly again......

Saleem