Monday, February 9, 2015

Indices closed down .39% to .53%...

Indices closed lower on negative sentiment due to Greece, China & Ukraine.

 S&P 500 @ 2046.74, low 2041.88, high 2056.16

 RSI @ 52.05

 CMF @ 0.088

 Internals were :

 Down volume led by 1.41 to 1 in NYSE & 1.57 to 1 in Nasdaq

 Declining stocks led by 1.46 to 1 in NYSE & 1.72 to 1 in Nasdaq

 Net new 52 wk highs were leading by 37 in NYSE & 10 in Nasdaq

 VIX UP 7.29% @ 18.55

 Oil @ $52.86

 Gold @ $1241.50

 AH ER NTES UP 2.58%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil & Gold Down

 About market, TAPE was under mild selling pressure due to weak data from China & uncertainty about Greece debt. Chinese inflation data is below expectations both @ consumer level & wholesale level. These weakness allows many to buy strong stocks @ lower prices. Internals were neutral in this selling. Hopefully we should get a strong day on Tuesday as it has been an UP & Down market taking turns.

 BLOG does NOT give buy or sell.

 Saleem
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5 comments:

  1. stocktrader_1996February 10, 2015 at 6:41 AM

    Hey Saleem,

    Bought NXPI @ 81.00 for more cyclical exposure.

    They reported a great quarter that was mostly ignored due to high expectations already. If world economies get better, NXPI should start another move higher after this grinding pattern for months.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996February 10, 2015 at 7:06 AM

    Hey Saleem,

    Bought a speculative position in TTPH @ 34.389 as my biotech play. There seems to be numerous catalysts for this stock in the new hot sector? Haha, I probably have no idea, but some positive analyst commentary today resonated with me, and I had looked at it a few times in recent weeks.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996February 10, 2015 at 7:09 AM

    Hey Saleem,

    Added my remaining small amount of cash to HUN @ 23.50. The chart looks constructive, and long term value is highly attractive in my opinion.

    Stocktrader

    ReplyDelete
  4. Stocks100February 10, 2015 at 8:41 AM

    Hi Stocktrader,

    Tablet does not work on BLOG,everything else works?..google of no help @ all, lot of do this or do that, nothing makes sense, normally i turn the PC on around 2 PM to do my BLOG.

    Good luck with NXPI,TTPH & more of HUN.....

    Sold TSL @ $10.20....

    Saleem

    ReplyDelete
  5. stocktrader_1996February 10, 2015 at 11:37 AM

    Hey Saleem,

    Chinese solars are difficult trades--look so cheap, hard to value. Good luck with new pick! :)

    Stocktrader

    ReplyDelete