Tuesday, January 12, 2016

Indices closed UP .72% to 1.03%.....NICE !!!!

Indices closed UP.

 S&P 500 @ 1938.68, high 1947.38, low 1914.35

 RSI @ 34.10

 CMF @ 0.004

 Internals were :

 UP volume led by .96 to 1 in NYSE & 1.99 to 1 in Nasdaq

 Declining stocks led by 1.09 to 1 in NYSE & .996 to 1 in Nasdaq

 Net new 52 wk lows were leading by 570 in NYSE & 364 in Nasdaq

 VIX Down 7.53% @ 22.47

 Oil @ $30.44

 Gold @ $1085.20

 AH ER....CYBR UP 13.24%

 AH Futures UP

 AH Asian Markets UP

 AH Oil UP

 AH Gold Down

 About market, TAPE finally discounted low oil prices and moved UP @ close. This close is technically very significant as we closed higher than highs of yesterday in all indices. Hopefully we build momentum from here as sellers are washed out and buyers may dominate few sessions. Oil price prediction is getting lower and lower, latest being $15 from RBS. Keep an eye on TAPE for possible weakness again, until then enjoy the ride UP.

 BLOG does NOT give buy or sell.

 Saleem
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8 comments:

  1. Stocktrader2January 13, 2016 at 7:39 AM

    Hi Saleem,

    Sold BAC @ 15.24 due to increasing credit risk and expectations of sluggish earnings.

    Added more to RLYP @ 19.72. This is a very large position now and I won't be adding more.

    Stocktrader

    ReplyDelete
  2. Stocktrader2January 13, 2016 at 7:58 AM

    Hi Saleem,

    Added to LNKD @ 207.15

    I'm really focusing on those companies I know will beat earnings and hopefully have come down enough that price action can also be good.

    Stocktrader

    ReplyDelete
  3. Stocktrader2January 13, 2016 at 9:15 AM

    Hi Saleem,

    Did some trimming in cyclical stocks:

    Sold URI @ 59.04
    Sold WLH @ 12.66
    Sold DAL @ 46.19
    Sold CF @ 32.34

    Liquidity is very poor right now based on the level II action I am seeing--could lead to significant downside.

    Stocktrader

    ReplyDelete
  4. Stocktrader2January 13, 2016 at 9:42 AM

    Hi Saleem,

    Sold FIT @ 20.20

    After nice outperformance in the last two days, I don't think it can survive the market onslaught for now.

    Stocktrader

    ReplyDelete
  5. Stocks100January 13, 2016 at 10:47 AM


    Hi Stocktrader,

    Good luck with add on in LNKD and RLYP.

    Good move in eliminating many stocks.

    TAPE is horrible again.....

    Saleem

    ReplyDelete
  6. Stocks100January 13, 2016 at 11:04 AM


    Hi Stocktrader,

    Sold NFLX @ $108.24.

    Saleem

    ReplyDelete
  7. Stocktrader2January 13, 2016 at 11:23 AM

    Hi Saleem,

    Bought speculative position in OMED @ 15.378

    Digging in some biotech thinking they are immune to global problem and the Fed might be more on hold after these days' events.

    Stocktrader

    ReplyDelete
  8. Stocks100January 13, 2016 at 11:41 AM


    Hi Stocktrader,

    Good luck with OMED.

    Saleem

    ReplyDelete