Indices closed UP after 2 days of digestive mode.
S&P 500 @ 2101.04, high 2104.25, low 2095.22
RSI @ 56.51
CMF @ 0.414
Internals were :
UP volume led by .99 to 1 in NYSE & 1.51 to 1 in Nasdaq
Advancing stocks led by 1.22 to 1 in NYSE & 1.39 to 1 in Nasdaq
Net new 52 wk highs were leading by 69 in NYSE & 59 in Nasdaq
VIX Down 1.34% @ 14.04
Oil @ $50.76
Gold @ $1196.20
Stocks which were UP 1% or more included QIHU YY LNKD
BIDU JKS CSIQ AMZN SINA DNKN EXPE EBAY MA
SPWR CRUS SPLK X STLD AEM DATA MS CNQ
Z.....
AH ER...YY UP 5.64%, FNSR UP 5.80%
AH Futures UP
AH Asian Markets mostly UP
AH Oil & Gold UP
About market, TAPE tried to move UP thanks to ECB decision, Data in US has been weak lately. It is all about jobs report, we may get a less than expected number of 235K, IF it is slightly less like up to 200K it will be taken as winter weakness, BUT if we come way lower than $200K then it may be taken that US$ is hurting US economy. TAPE may react negatively to way below 200K job growth.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
Jobs keep powering higher--it really is amazing!
Looking to add BAC and M today which will get me back to full exposure.
Stocktrader
Hey Saleem,
Bought M @ 62.91
Bought BAC @ 16.37
Stocktrader
Hi Stocktrader,
Good luck with M & BAC.
Sold EGO $4.83
Bought LULU @ $61.98
Saleem
Hey Saleem,
Good luck with LULU!
Wow, what a shakeout today! I guess a 0.25% hike will kill our economy?
Stocktrader
Hi Stocktrader,
I think hedge funds are taking full advantage of strong job growth..they make money the old fashioned way...they manipulate it.....
Saleem
Hey Saleem,
The interesting part is I was fearful of a *weaker* jobs number due to some slightly sluggish recent economic data, the fallout from lower oil, the west coast port shutdown, the bad weather, etc. We ended up having a nicely *strong* number, and the market is devastatingly disappointed--crazy how that works...
Stocktrader
Hi Stocktrader,
This job number will be revised down next month based on everything everyone was pointing out.....there is no credibility of bean counter....
Saleem
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