Indices went on a wild ride again, but closed where it started the day.
S&P 500 @ 2080.15, high 2085.62, low 2072.14
RSI @ 39.49
CMF @ -0.055
Internals were :
Down volume led by 1.13 to 1 in NYSE & 1.82 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 101 in NYSE & highs by 38 in Nasdaq
VIX Down 5.36% @ 14.47
Oil @ $60.14
Gold @ $1177.60
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went nowhere fast in the end, but scared the hell out of many traders in early part of trading. Greece & Fed decision continues to plague sentiment. We need one Greece issue resolved soon as Fed decision to raise rates may not come until September. Market is dealing with Greece issue with resolution being pushed down further. In uncertain times, technicians come out of woodwork to boost their rating and make outlandish prediction, please keep in mind, they are analyzing past not future.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Bought HDP @ 25.19
I was hoping for a lower price, but I see no sellers this morning.
Stocktrader
Hi Saleem,
Sold BABA @ 88.709 as estimates are falling. I guess I'll have to sell the YHOO too? seems so cheap on sum of parts...
Stocktrader
Hi Stocktrader,
JD is giving a tough time to BABA in Chinese marketplace.
YHOO has become a BABA stake beneficiary play.
Good luck with HDP.
Who said it is easy to make money in Wall Street, i am down on a huge UP day?
Saleem
Hi Saleem,
Sold YHOO @ 42.132.
BABA's chairman specifically said he wasn't interested in buying YHOO, nor that they would sell. This was part of my speculative thesis, so without that piece, I feel I can deploy funds better elsewhere.
Stocktrader
Hi Stocktrader,
Good move with YHOO..
Added 60% SWIR @ $27.81, 4 minutes before close.
Saleem
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