Monday, March 2, 2015

Indices closed UP .61% to .90%....NICE !!!!

Indices closed Up and @ high of the day.

 S&P 500 @ 2117.39, high 2117.52, low 2104.50

 RSI @ 63.82

 CMF @ 0.461

 Internals were :

 UP volume led by 1.19 to 1 in NYSE & 2.84 to 1 in Nasdaq

 Advancing stocks led by 1.52 to 1 in NYSE & 1.97 to 1 in Nasdaq

 Net new 52 wk highs were leading by 141 in NYSE & 107 in Nasdaq

 VIX Down 2.25% @ 13.04

 Oil @ $49.59

 Gold @ $1208.20

 Stocks which were UP 1% or more included BBRY MU
FEYE YY GOOGL NXPI JKS CSIQ AMZN FFIV
MA V FSLR SPWR HIMX CRUS BRCM 
AMCC FNSR C PANW NFLX MCD
GMCR DATA MGA MS GS 
TRIP......

 AH ER... PANW Down 1.15%, SOHU UP 4.88%

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil UP

 AH Gold Down

 About market, TAPE was strong on Chinese rate cut & European data. Nasdaq is siting @ 5008 which is the loftiest level since March 2000. Internals improved and momentum seems to be in the air while Nasdaq RSI is @ 71.29, be careful when we hit RSI 75 area which normally means overbought. Dow & S&P 500 are also @ closing high tonight, mergers accounted for most of the gains. Stay in the market but ensure booking of profit especially in high RSI stocks.

 BLOG does NOT give buy or sell.

 Saleem
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7 comments:

  1. stocktrader_1996March 3, 2015 at 6:42 AM

    Hey Saleem,

    Added some cyclical exposure, including Europe:

    Bought ETN @ 70.974
    Bought HUN @ 22.51

    Stocktrader

    ReplyDelete
  2. stocktrader_1996March 3, 2015 at 6:48 AM

    Hey Saleem,

    Added to SPLK @ 66.59

    The magnitude of PANW's beat (which honestly was less than I expected) makes SPLK's quarter look that much better, and it's markets are much less developed leaving more room for future growth.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996March 3, 2015 at 8:25 AM

    Hey Saleem,

    Bought CF @ 311.50.

    I'm trying this method to implement my $2 nat gas thesis. The chart looks good and they continue to buy back shares aggressively.

    Stocktrader

    ReplyDelete
  4. Stocks100March 3, 2015 at 10:32 AM

    Hi Stocktrader,

    Good moves with ETN HUN SPLK & CF...cant believe where CF has gone in terms of share price....

    Saleem

    ReplyDelete
  5. stocktrader_1996March 3, 2015 at 10:40 AM

    Hey Saleem,

    I know, that massive ongoing buyback keeps reducing the share count...

    Stocktrader

    ReplyDelete
  6. stocktrader_1996March 3, 2015 at 11:32 AM

    Hey Saleem,

    Sold half PANW @ 149.13.

    Stocktrader

    ReplyDelete
  7. Stocks100March 3, 2015 at 11:35 AM

    Hi Stocktrader,

    Excellent trade with PANW...half more to go $$$$$

    Saleem

    ReplyDelete