Indices closed UP.
S&P 500 @ 1895.58, high 1895.77, low 1871.44
RSI @ 47.99
CMF @ 0.164
Internals were :
UP volume led by 5.83 to 1 in NYSE & 6.80 to 1 in Nasdaq
Advancing stocks led by 4.36 to 1 in NYSE & 3.64 to 1 in Nasdaq
Net new 52 wk lows were leading by 31 in NYSE & 49 in Nasdaq
VIX Down 5.08% @ 24.11
Oil @ $29.04
Gold @ $1208.20
Stocks which were UP 2% or more included BIDU CTSH JKS
RLYP SPWR CSIQ FSLR NTES TWTR PCLN AAPL
AMZN COH LVS FIT LNKD NXPI TSLA YHOO
SINA DNKN EXPE CMG EBAY YUM VDSI
BABA YELP FSLR MU AMCC CIEN
LRCX FEYE AMBA AAL M PANW
SPLK UA MS VRX CTRP ZG
WYNN TRIP....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong despite oil being lower, Indices closed @ high of the day which is a strong confirmation of this rally on day 2. Internals were strong and many stocks had 10% UP move today which is a rarity. Most boats were lifted which is a sign of a washed out bottom, bodes well for the length of this rally.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Guys
Sold FCX @6.70. GL
I always sell at a wrong price. Look at FCX now. It has been growing so much and I sold it. It seems it has started the run only. I have some AA. GL
Joseph
Hi Joseph,
FCX had such a great run in recent weeks--you did well to hold as long as you did! AA can be your horse now :)
Stocktrader
Hi guys,
Sold FIT @ 14.93 to take profits.
It seems the huge lockup is still weighing pretty heavily on the stock. This frees up a cash position for new opportunities (which might include a FIT rebuy at some point).
Stocktrader
Hi Stocktrader,
Thanks for your comments. We need to look ahead with optimism.
RLYP has been moving upward. I have 1500 share @ 19.81(Average price). Thanks for the pick. Gl
Joseph
Hi Joseph,
I caught the "sell too early" bug too. FIT took off right after I sold! It's ok, looking for the next move now :)
Stocktrader
Hi Stocktrader,
Added 120% MSFT @ $ 51.45.
Had order in before open .
Saleem
Hi Saleem,
Good luck with more MSFT. The market is really cruising now! :)
Stocktrader
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