Indices closed slightly lower on unemployment claims numbers & EU wait & see.
S&P 500 @ 2071.92, low 2062.34, high 2077.34
RSI @ 66.80
CMF @ 0.372
Internals were :
Down volume led by 2.58 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & 17 in Nasdaq
VIX Down .72% @ 12.38
Oil @ $66.81
Gold @ $1207.70
AH ER...FNSR Down 2.35%, FIVE Down 11.6%
ULTA UP 6.49%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is following a pattern of one day down & next day UP. Mario Draghi dragged its decision again to early next year, but TAPE was much more resilient than what i had expected of a "negative news", maybe its the Friday's Jobs report which may surprise us on the positive side. Dow made another all time high intraday. Stay with this TAPE "its not going lower anytime soon"
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hey Saleem,
The jobs number was incredible!
I'm looking to sell SPLK at open given it has tended to do poorly when the market perceives the Fed will move more quickly. I'd sell DATA also, but am locked in for a couple more days. Hopefully selling the SPLK will mitigate any damage in this sector.
I am tempted to buy TZA as a hedge. Could small caps start the underperformance again?
Stocktrader
Hey Saleem,
Sold SPLK @ 63.96.
Stocktrader
Hi Stocktrader,
Market is strong,Russell is ready to breakout, I will not recommend TZA.
Saleem
Hey Saleem,
GM would be such a perfect investment right now if it wasn't for that darn weak yen. I hope we don't get into a car pricing war...
Stocktrader
Hi Stocktrader,
A month ago I bought Hyundai Sonata, they are very good quality With unbelievable warranty. GM and F has lot to worry about Korean cars than Japanese.
Saleem
Hey Saleem,
Bought back my HUN @ 25.178.
The chart is looking like it may have bottomed, and someone bought 6000 Feb 26 call options today, signaling an institutional type is willing to make a large bet on upside.
Stocktrader
Hi Stocktrader,
Good luck with HUN.
Saleem
Hey Saleem,
Bought back my ETN also @ 69.47.
Better economic indications out of Europe and the US makes me switch my stance back to positive.
Stocktrader
Hi Stocktrader,
Good luck with ETN.
Saleem
Hey Saleem,
Trimmed AAL @ 50.883 to bring it in line with the other top positions instead of highly overweight.
Stocktrader
Hey Saleem,
I worry I'm making too many late-year moves here, but the market acted so well today in the face of the very strong jobs number that I think we are in good shape for further grind higher into year end.
Stocktrader
Hi Stocktrader,
Market is overbought now,a small pullback is in order.
Saleem
Post a Comment