Indices closed mixed after making new all time highs in Dow.
S&P 500 @ 2081.88, low 2081.86, high 2087.56
Internals were :
UP volume led by .80 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by .94 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 184 in NYSE & 68 in Nasdaq
VIX Down 2.91% @ 14.37
Oil @ $55.29
Gold @ $1173.50
Canadian $ @ 83.72
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Following stocks were UP 1% or more AKS EGO GPRO TSL
QIHU GG YY YHOO OWW WUBA ARUN AMCC
NFLX ABX SLW AEM .....
Merry Christmas to everyone !
Next post after close on Friday.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Stocktrader,
Added 40 percent MU @ $ 35.03
Saleem
Hey Saleem,
I am nervous about a head and shoulder pattern forming on MU and a double top in the $SOX. It makes me nervous about my NXPI. Good luck to both of us! :)
Stocktrader
Hi Stocktrader,
Thanks for your technical read, I always depend on fundamental to take care of technical formation.
Saleem
Hey Saleem,
Well...I was right about copper--if it closes here will be the lowest close in years, but wrong about FCX, charging only higher since my sell...
Stocktrader
Hi Stocktrader,
Sometimes all the bad news is discounted and priced in.
Saleem
Hey Saleem,
I think I figured out what I did wrong with some ideas recently--placing too much emphasis on year-end effects. It seems maybe enough of that was discounted in the early part of December that true buyers and sellers could step in last week.
Stocktrader
Hi Stocktrader,
Mistakes we will always make, but it is important to recover from it quickly.
There are only few days when market goes UP substantially, it is important to be there fully invested.
Saleem
Post a Comment