Monday, October 12, 2015

Indices closed UP .13% to .28%....NICE !!!!

Indices closed UP.

 S&P 500 @ 2017.46, high 2018.66, low 2010.55

 RSI @ 60.06

 CMF @ 0.187

 Internals were :

 Down volume led by 1.68 to 1 in NYSE & 1.19 to 1 in Nasdaq

 Declining stocks led by .91 to 1 in NYSE & 1.06 to 1 in Nasdaq

 Net new 52 wk highs were leading by 47 in NYSE & 45 in Nasdaq

 VIX Down 5.33% @ 16.17

 Oil @ $47.10

 Gold @ $1164.50

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil UP

 AH Gold Down

 About market, TAPE ended UP by close but internals were weak. Nasdaq closed above 50 DMA to join other indices which is technically positive. CMF is @ highest level since May of 2015, means money has been flowing back in @ rapid pace. Looking @ market RSI and VIX, i will not be surprised IF we pull back slightly to remove mini overbought conditions.Look for buying opportunities in quality stocks on any pullback.

 BLOG does NOT give buy or sell.

 Saleem
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7 comments:

  1. stocktrader_1996October 13, 2015 at 6:27 AM

    Hi Saleem,

    I'll be buying TWTR this morning because I think the bottom is in. Based on today's announcement, the earnings are still ok (which was in question following the job cut plans) and the new CEO seems to be focusing the company squarely on growth initiatives but also rational spending.

    I have an order for 29.32--I hope it fills once the stock officially opens! :)

    Stocktrader

    ReplyDelete
  2. stocktrader_1996October 13, 2015 at 6:30 AM

    Hi Saleem,

    Just went for $29.42 and got it. I'm not going to squabble about $0.10.

    Stocktrader

    ReplyDelete
  3. Stocks100October 13, 2015 at 8:16 AM

    Hi Stocktrader,

    Nice move with TWTR...already in the money$$$$$$

    Saleem

    ReplyDelete
  4. stocktrader_1996October 13, 2015 at 9:01 AM

    Hi Saleem,

    Sold SWKS @ 78.447
    Sold CYBR @ 50.45

    These just aren't working. There doesn't even look like good bottoms on the charts to hope for rebounds from here. I'll look for different opportunities.

    Stocktrader

    ReplyDelete
  5. Stocks100October 13, 2015 at 9:41 AM

    Hi Stocktrader,

    Good move with SWKS & CYBR....

    Many stocks are difficult to trade these days.....

    That is why, when the show me the money, i take it & run......

    Good luck with next idea.

    Saleem

    ReplyDelete
  6. stocktrader_1996October 13, 2015 at 10:50 AM

    Hi Saleem,

    Breadth again not so great today. It looks like a pullback may indeed be coming.

    Stocktrader

    ReplyDelete
  7. Stocks100October 13, 2015 at 11:36 AM

    Hi Stocktrader,

    Pullbacks are healthy.

    Saleem

    ReplyDelete