Wednesday, February 10, 2016

Indices closed mixed.....

Indices closed mixed.

 S&P 500 @ 1851.86, low 1850.32, high 1881.60

 RSI @ 36.86

 CMF @ 0.087

 Internals were :

 UP volume led by .86 to 1 in NYSE & 1.59 to 1 in Nasdaq

 Advancing stocks led by 1.15 to 1 in NYSE & 1.00 to 1 in Nasdaq

 Net new 52 wk lows were leading by 125 in NYSE & 208 in Nasdaq

 VIX Down .94% @ 26.29

 Oil @ $27.45

 Gold @ $1194.60

 Stocks which were UP 1% or more included
BIDU CTSH FB JKS SBUX V
NTES TWTR PCLN LULU AMZN
LVS LEN NFLX YHOO EXPE CMG MA
FEYE AMBA AAL PANW UA ABX GG DATA
ZG MLNX....

 AH ER....TWTR Down 3.2%, CSCO UP 7.93%
                TSLA UP 9.63%, EXPE UP 11.61%

 AH Futures Down

 AH Asian Markets Down

 AH Oil Down

 AH Gold UP

 About market, TAPE closed near low of the day after Fed dashed hope for change in rate scenario, market were UP earlier. Oil remains the deciding factor as to the direction of this market. Lot of noise about every negative aspect which may put negative spin to this TAPE. We have to wait out this phase whenever it ends. Stay with quality stocks in a diversified portfolio.

 BLOG does NOT give buy or sell.

 Saleem
at

14 comments:

  1. stocktrader_1996February 11, 2016 at 6:24 AM

    Hi Saleem,

    Will be closing out as much of my TZA hedge as I can this morning (yesterday buy still on restrictions). I think the negative action is reaching a climax. Check out the AAII numbers: http://www.aaii.com/sentimentsurvey

    Stocktrader

    ReplyDelete
  2. Stocks100February 11, 2016 at 6:33 AM

    Hi Stocktrader,

    Yes today could be the slump for total capitulation.

    Perfect timing for TZA sale.

    Saleem

    ReplyDelete
  3. stocktrader_1996February 11, 2016 at 6:34 AM

    Hi Saleem,

    Sold some TZA @ 72.57
    Rebought FIT @ 13.86

    Stocktrader

    ReplyDelete
  4. stocktrader_1996February 11, 2016 at 6:43 AM

    Hi Saleem,

    Added more FIT @ 13.17

    Stocktrader

    ReplyDelete
  5. UnknownFebruary 11, 2016 at 6:43 AM


    Excellent TZA trade. GL

    Joseph

    ReplyDelete
  6. Stocks100February 11, 2016 at 6:49 AM

    Hi Stocktrader,

    Good luck with FIT.

    Saleem

    ReplyDelete
  7. stocktrader_1996February 11, 2016 at 7:04 AM

    Hi guys,

    It is depressing when day after day the only thing in the portfolio that rises are the hedges, but I am very thankful to have had them this week. I am currently marginally higher this week pending the rest of the week's action--I'll take it! :)

    Stocktrader

    ReplyDelete
  8. Stocks100February 11, 2016 at 7:59 AM

    Hi Stocktrader,

    It was a good idea that hedges worked out for you.

    Nobody can figure out this TAPE, 7 weeks of straight decline, rare occurrence.

    Saleem

    ReplyDelete
  9. UnknownFebruary 11, 2016 at 8:02 AM


    Bought FB again @99.50. Missed the morning market reaction due to my work. GL

    ReplyDelete
  10. Stocks100February 11, 2016 at 8:13 AM

    Hi Joseph,

    Good luck with FB.

    RLYP has found support today,acting better than TAPE.

    Saleem

    ReplyDelete
  11. UnknownFebruary 11, 2016 at 8:14 AM


    Hi Guys

    Since the market is in correction High flying stocks like GOOG, AAPL and FB will be hit harder. We need to be little careful with our exposure in the market. Gl

    Joseph

    ReplyDelete
  12. UnknownFebruary 11, 2016 at 8:20 AM

    Thanks Saleem, I do see the light (RLYP)at the end of the tunnel. Hope it holds. I have 1500 share in my retirement account. 40% in cash. I never invest fully. It is always good to be little prudent. Thank you

    ReplyDelete
  13. stocktrader_1996February 11, 2016 at 8:39 AM

    Hi guys,

    With the Fed clearly on hold now, I think the pressure on speculative stocks is somewhat lifted. Good luck with all purchases here! :)

    Stocktrader

    ReplyDelete
  14. UnknownFebruary 11, 2016 at 9:13 AM


    Hi Stocktrader,,

    Something is going on with RLYP. It is 16.93. GL

    Joseph

    ReplyDelete