Tuesday, December 8, 2015

Indices closed down .07% to .92%......

Indices closed down.

 S&P 500 @ 2063.59, low 2052.32, high 2073.85

 RSI @ 48.21

 CMF @ -0.100

 Internals were :

 Down volume led by 2.76 to 1 in NYSE & 1.40 to 1 in Nasdaq

 Declining stocks led by 2.05 to 1 in NYSE & 1.48 to 1 in Nasdaq

 Net new 52 wk lows were leading by 342 in NYSE & 179 in Nasdaq

 VIX UP 11.11% @ 17.60

 Oil @ $37.51

 Gold @ $1075.30

 AH ER / News....ONTY Down 28.43%, WYNN UP 9.3%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE was under tremendous selling pressure again, Nasdaq managed to close slightly lower, all strong stocks turned around and closed green. Dow & S&P 500 closed below 200 DMA. Oil is controlling this TAPE and IF oil is higher then we are off to the races. Nasdaq is ready to make a "golden cross " as early as tomorrow, that will signal a new powerful bull run. Dow & S&P 500 should make " golden cross " soon after. SO, in the midst of turmoil technicals are looking UP.

 BLOG does NOT give buy or sell.

 Saleem
at

7 comments:

  1. Stocks100December 9, 2015 at 6:36 AM

    Hi Stocktrader,

    Sold LULU @ $49.

    Saleem

    ReplyDelete
  2. stocktrader_1996December 9, 2015 at 6:48 AM

    Hi Saleem,

    Good luck with next pick.

    I freed up the cash yesterday to pick up CF or HUN or some of both today. Ugh, gap and run on both...left out.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996December 9, 2015 at 7:11 AM

    Hi Saleem,

    Sold URI @ 71.441

    I've wanted to sell for a while, so this was my chance. The chart is pretty nasty technically.

    Stocktrader

    ReplyDelete
  4. Stocks100December 9, 2015 at 7:25 AM

    Hi Stocktrader,

    Good luck with next pick.

    Saleem

    ReplyDelete
  5. stocktrader_1996December 9, 2015 at 8:42 AM

    Hi Saleem,

    Bought PLNT @ 16.025

    The country is getting healthier, the consumer has a bit more spending money, and these guys offer low monthly fees but plenty of add-ons. I think it's a good model and I'll give it a chance here. Chart is poised for a breakout if something good happens.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996December 9, 2015 at 9:22 AM

    Hi Saleem,

    Bought CF @ 42.73

    This is somewhat a play on bottoming ammonia prices, but also the very cheap price of natural gas which is helpful to maintain margins and cash flow. I felt I needed at least a little commodity exposure.

    Stocktrader

    ReplyDelete
  7. Stocks100December 9, 2015 at 9:48 AM

    Hi Stocktrader,

    Bought BITA @ $25.17.

    Good luck with PLNT & CF.

    Very bad reversal.

    Saleem

    ReplyDelete