Thursday, March 5, 2015

Indices closed UP .12% to .32%....NICE !!!!

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



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7 comments:

  1. stocktrader_1996March 6, 2015 at 6:19 AM

    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

    ReplyDelete
  2. stocktrader_1996March 6, 2015 at 6:32 AM

    Hey Saleem,

    Bought M @ 62.91
    Bought BAC @ 16.37

    Stocktrader

    ReplyDelete
  3. Stocks100March 6, 2015 at 9:37 AM

    Hi Stocktrader,

    Good luck with M & BAC.

    Sold EGO $4.83

    Bought LULU @ $61.98

    Saleem

    ReplyDelete
  4. stocktrader_1996March 6, 2015 at 11:34 AM

    Hey Saleem,

    Good luck with LULU!

    Wow, what a shakeout today! I guess a 0.25% hike will kill our economy?

    Stocktrader

    ReplyDelete
  5. Stocks100March 6, 2015 at 11:36 AM

    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

    ReplyDelete
  6. stocktrader_1996March 6, 2015 at 12:50 PM

    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

    ReplyDelete
  7. Stocks100March 6, 2015 at 12:55 PM

    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

    ReplyDelete