Monday, May 18, 2015

Indices closed UP .14% to .60%.....NICE !!!!

Indices closed near high of the day.

 S&P 500 @ 2129.20, high 2131.78, low 2120.01

 RSI @ 59.19

 CMF @ 0.101

 Internals were :

 UP volume led by 1.25 to 1 in NYSE & 2.10 to 1 in Nasdaq

 Advancing stocks led by 1.31 to 1 in NYSE & 1.82 to 1 in Nasdaq

 Net new 52 wk highs were leading by 82 in NYSE & 96 in Nasdaq

 VIX UP 2.83% @ 12.73

 Oil @ $59.43

 Gold @ $1227.60

 Stocks which were UP 1% or more included :

 GPRO RAD SWIR VDSI
LEN LNKD PCLN AAPL MU DNKN YNDX HIMX
CRUS LSCC CIEN FNSR M AEM DATA CSOD MGA MS
Z MLNX....

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil UP

 AH Gold Down

 About market, TAPE was strong with internals all positive. Dow & S&P 500 @ new all time high. Nasdaq inching closer to new all time high. This TAPE has the feel of slow & steady climb UP to series of new all time highs. It will be wise to get rid of weak performers, do not waste $ allocation in dead stocks. There are many disbelievers of this rally and may have to join the party @ much higher level.

 BLOG does NOT give buy or sell.

 Saleem
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8 comments:

  1. stocktrader_1996May 19, 2015 at 6:36 AM

    Hi Saleem,

    Bought GPRO @ 51.67

    I like the setup for a move higher and I wanted to increase this risk profile of the portfolio with this stealth breakout in the indices.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996May 19, 2015 at 6:48 AM

    Hi Saleem,

    Ugh. NXPI was a target buy today and I missed the quick early run.

    Bought NXPI @ 104.92

    After the merger with FSL, their earnings power should be significantly increased and could prove a nice catalyst.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996May 19, 2015 at 6:57 AM

    Hi Saleem,

    Sold the TZA hedge @ 9.87.

    Stocktrader

    ReplyDelete
  4. Stocks100May 19, 2015 at 7:15 AM

    Hi Stocktrader,

    Good move with GPRO & NXPI....

    Saleem

    ReplyDelete
  5. stocktrader_1996May 19, 2015 at 8:28 AM

    Hi Saleem,

    I just realized how bad the ECB's comments about front-loading QE really is. We may see relief on yields right now, but how bad will the dead of summer be then?

    Stocktrader

    ReplyDelete
  6. Stocks100May 19, 2015 at 9:11 AM

    Hi Stocktrader,

    ECB knows why they are doing and they will manage markets going forward.

    Saleem

    ReplyDelete
  7. stocktrader_1996May 19, 2015 at 9:55 AM

    Hi Saleem,

    That is a good point--the ECB will manage expectations and execution to minimize disruption.

    Bought IACI @ 74.45

    Trying again with this one...chart looks ready for breakout and isn't overextended too far RSI-wise.

    Stocktrader

    ReplyDelete
  8. Stocks100May 19, 2015 at 11:09 AM

    Hi Stocktrader,

    Good luck with IACI....

    Saleem

    ReplyDelete