Tuesday, June 16, 2015

Indices closed UP .51% to .64%.....NICE !!!!

Indices closed UP.

 S&P 500 @ 2096.29, high 2097.40, low 2082.10

 RSI @ 47.75

 CMF @ -0.105

 Internals were :

 UP volume led by 2.14 to 1 in NYSE & 1.93 to 1 in Nasdaq

 Advancing stocks led by 1.76 to 1 in NYSE & 1.45 to 1 in Nasdaq

 Net new 52 wk lows were leading by 14 in NYSE & highs by 94 in Nasdaq

 VIX Down 3.77% @ 14.81

 Oil @ $59.97

 Gold @ $1180.90

 Stocks which were UP 1% or more included RAD VDSI
VIPS YELP TSLA DNKN YUM HIMX AMCC 
NFLX SBUX CSOD MLNX....

 AH ER... ADBE Down 1.36%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil UP

 AH Gold Down

 About market, TAPE was strong and closed @ high of the day. Internals improved substantially. Greece situation is moving in positive direction. Fed statement will be a boost for bulls, Q & A session will confirm that interest hike is not imminent and may be as low as 1/8% hike in September.Market should be strong on Wednesday.

 BLOG does NOT give buy or sell.

 Saleem

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8 comments:

  1. stocktrader_1996June 17, 2015 at 6:42 AM

    Hi Saleem,

    Sold MOMO @ 16.412 to take profits.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996June 17, 2015 at 6:59 AM

    Hi Saleem,

    Did a bit of a reset this morning...

    Sold HDP @ 26.833
    Sold NXPI @ 103.283
    Sold HUN @ 22.521
    Sold OMED @ 25.21 avg
    Sold SPLK @ 71.607

    I wanted to reduce exposure given some outsized gains in some positions.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996June 17, 2015 at 7:19 AM

    Hi Saleem,

    Sold FB @ 82.033

    Stocktrader

    ReplyDelete
  4. stocktrader_1996June 17, 2015 at 7:41 AM

    Hi Saleem,

    Sold PRU @ 89.622

    I don't trust the high levels of bullish sentiment surrounding the financials and prospects for rate increases.

    Stocktrader

    ReplyDelete
  5. Stocks100June 17, 2015 at 7:44 AM

    Hi Stocktrader,

    Surprised @ your sell.

    But it is all about your strategy.

    Good luck with next moves....

    Saleem

    ReplyDelete
  6. stocktrader_1996June 17, 2015 at 8:06 AM

    Hi Saleem,

    I really don't like the charts here, and the internals of the market seem squishy to me. The truly good stocks are stretched, and the poor stocks are on the verge of breakdown--that doesn't leave much upside for either. Also, I think the economy is in a lose/lose scenario--either it strengthens and the Fed goes or it weakens and profits suffer. It is also summer and July is traditionally bad for small caps.

    All this tells me to move to the sidelines. The portfolio needed a refresh anyways--too many laggards getting lost in the shuffle.

    Stocktrader

    ReplyDelete
  7. stocktrader_1996June 17, 2015 at 11:10 AM

    Hi Saleem,

    Trimmed some CSOD @ 33.303

    Stocktrader

    ReplyDelete
  8. Stocks100June 17, 2015 at 11:27 AM

    Hi Stocktrader,

    Now you have a real war chest $$$$$$

    Saleem

    ReplyDelete