Wednesday, May 13, 2015

Indices closed mixed......

Indices closed mixed after being UP @ open.

 S&P 500 @ 2098.48, low 2096.04, high 2110.19

 RSI @ 50.42

 CMF @ 0.003

 Internals were :

 UP volume led by 1.12 to 1 in NYSE & 1.27 to 1 in Nasdaq

 Advancing stocks led by 1.25 to 1 in NYSE & 1.00 to 1 in Nasdaq

 Net new 52 wk highs were leading by 20 in NYSE & 33 in Nasdaq

 VIX Down .72% @ 13.76

 Oil @ $60.50

 Gold @ $1218.20

 Stocks which were UP 1% or more included AKS RAD VDSI
FEYE GG YY YHOO FB MU JKS FSLR YNDX BRCM
JDSU GMCR SPLK X ABX SLW AEM CSOD......

 AH ER ...NTES UP 5%, VIPS UP 6.83%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil & Gold Down

 About market, TAPE continues its meandering approach as its tries to adjust two new reality, first US$ weakness, secondly interest rate picture. TAPE is trying to discount potential impact from those two changing picture. There is a saying "never short a dull TAPE"....Internals improved from yesterday. Follow your list of strategic buying, as we may come out of this indecision by blasting UP.

 BLOG does NOT give buy or sell.

 Saleem
at

7 comments:

  1. stocktrader_1996May 14, 2015 at 6:34 AM

    Hi Saleem,

    Sold IACI @ 72.63 avg. Upon further reflection, I'm not sure my thesis could play out as expected.

    Stocktrader

    ReplyDelete
  2. Stocks100May 14, 2015 at 7:16 AM

    Hi Stocktrader,

    Good luck with your strategy.

    Saleem

    ReplyDelete
  3. stocktrader_1996May 14, 2015 at 7:21 AM

    Hi Saleem,

    Wow! With today's gains, the market charts went from scary to looking like they're on the verge of a breakout. I guess that speaks to how tightly wound we were/are.

    Stocktrader

    ReplyDelete
  4. Stocks100May 14, 2015 at 7:35 AM

    Hi Stocktrader,

    When internals improved yesterday, i had a feeling that upside is a bigger probability.

    Saleem

    ReplyDelete
  5. stocktrader_1996May 14, 2015 at 8:39 AM

    Hi Saleem,

    Bought AAL @ 48.627.

    It looks like oil is stabilizing or retreating, and the massive buyback program and valuation should provide support even if their markets are not perfect. There is a lot of trepidation ahead of the integration of the US Air reservation system this summer, and I think that presents good opportunity as people are nervous during this traditionally difficult merger of systems.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996May 14, 2015 at 8:43 AM

    Hi Saleem,

    Part of my strategy this summer will be to look for companies with large buyback programs. It tends to lift stocks despite a possibly sluggish trading environment. AAL, AAPL, GM, CF are among those I know are substantial. I'll be doing more work to identify others.

    Stocktrader

    ReplyDelete
  7. Stocks100May 14, 2015 at 10:15 AM

    Hi Stocktrader,

    Good luck with AAL, and with new possibilities.

    Saleem

    ReplyDelete