Indices closed down.
S&P 500 @ 2089.41, low 2082.63, high 2092.52
RSI @ 68.01
CMF @ 0.391
Internals were :
Down volume led by 1.76 to 1 in NYSE & 2.26 to 1 in Nasdaq
Declining stocks led by 1.56 to 1 in NYSE & 1.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 37 in NYSE & 23 in Nasdaq
VIX UP 1.95% @ 14.61
Oil @ $46.06
Gold @ $1147.30
AH ER.....EXPE UP 6.49%, BIDU UP 6.84%
LNKD UP 12.40%, FSLR UP 12.90%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its resiliency by closing near upper end of the range, even though all indices were down @ close. Based on good earnings report tonight, we should have a strong close, any buying should be done @ open to benefit from higher prices @ close. Yes some earnings reports are discouraging but it is important to regroup and look for opportunity even in the bargain bin.
BLOG does NOT give buy or sell.
Saleem
ReplyDeleteHi Stocktrader,
After doing lot of research whole day yesterday, i decided to buy CY, placed an order to buy @ $9.92, opened @ $9.98 and kept going UP and me watching that move without owning it....so it went to $10.23 in 20 minutes.....
My issue was not to buy @ top of the day, then i said, i better get in before i miss this entry.....there was a window of 1 minute of slight pullback and got my fill of CY @ $10.14....
Thought i share my buying experience of this morning......
Saleem
Hi Saleem,
ReplyDeleteWow! I had a similar experience this morning with a different outcome unfortunately. I put in an order to buy LNKD @ 233.85 first thing and it got as low as $236. Unfortunately I had some AAPL weekly options in my trading account that I really needed to focus on this morning and missed the chance to get in on the reversal action higher in LNKD. Now I'm a bit stuck, although I want to get in still because I think the downside is maybe $10 from here but upside easily to the all-time highs at $270, but with chances to get to $300+.
Stocktrader
ReplyDeleteHi Stocktrader,
YES..sometimes we miss buying by few $, only to see stocks fly.
Good luck with your trading account.
Saleem
Hi Saleem,
ReplyDeleteMy wife has been recently leaving her Google account active on my computer after checking her gmail due to a problem with her iPad. More than a few times in recent weeks I've lost my written up post when it doesn't find a blogger account active, so I created a blogger account for her Google account, Stocktrader2. Sorry if there was confusion on the prior post but it was me! :)
Stocktrader