Thursday, March 31, 2016

Indices closed mixed.....

Indices closed mixed.

 S&P 500 @ 2059.74, low 2057.46, high 2067.92

 RSI @ 67.58

 CMF @ 0.328

 Internals were :

 UP volume led by 1.01 to 1 in NYSE & 1.08 to 1 in Nasdaq

 Advancing stocks led by 1.23 to 1 in NYSE & .97 to 1 in Nasdaq

 Net new 52 wk highs were leading by 163 in NYSE & 40 in Nasdaq

 VIX UP 2.88% @ 13.95

 Oil @ $38.34

 Gold @ $1235.60

 AH ER....VJET UP 7.05%

 AH Futures Mixed

 AH Asian Markets Down

 AH Oil & Gold Down

 About market, TAPE mixed close is not reflected in internals, which were mostly positive. Friday is about jobs report which has been strong, i expect the numbers to exceed expectations of 190K. Strong US jobs picture is a reflection of improving economy. TAPE rested today for another move higher, slow & steady is a very positive sign for bulls. There is no panic for any economic report, its business as usual.

 BLOG does NOT give buy or sell.

 Saleem
at

14 comments:

  1. stocktrader_1996April 1, 2016 at 6:43 AM

    Hi Saleem,

    Bought HUN @ 12.90

    Buying some exposure back on this nice dip.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996April 1, 2016 at 7:08 AM

    Hi Saleem,

    Bought BAC @ 13.51

    Looking at the stronger economic numbers today.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996April 1, 2016 at 7:32 AM

    Hi Saleem,

    Bought NXPI @ 81.20

    I was trying to get lower this morning but it kept running away from me.

    Stocktrader

    ReplyDelete
  4. stocktrader_1996April 1, 2016 at 7:47 AM

    Hi Saleem,

    The only ones of my "core" picks that I haven't rebought yet are SPLK URI RLYP. Each of them is problematic in their own way that keeps me away for now, although would be willing to buy any on pullback from here. I almost bought SPLK in low 48s earlier today.

    Portfolio: WLH FB GM MET NXPI BAC HUN
    Exposure: 72%

    One of the biggest reasons for my rebuying is the drop in sentiment again by traders this week: http://www.aaii.com/sentimentsurvey. I think the fact that no one is getting bulled up about this rally is a fantastic thing.

    Stocktrader

    ReplyDelete
  5. Stocks100April 1, 2016 at 8:05 AM

    Hi Stocktrader,

    Good luck with HUN, BAC, NXPI.

    Saleem

    ReplyDelete
  6. Stocks100April 1, 2016 at 8:05 AM

    This comment has been removed by the author.

    ReplyDelete
  7. stocktrader_1996April 1, 2016 at 8:05 AM

    Hi Saleem,

    Bought URI @ 60.49

    After two days of negative commentary, I think it is too cheap compared to how the market feels about these kinds of stocks. The management set the bar so low last quarter that they can likely beat, especially with their timely share buybacks.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996April 1, 2016 at 9:11 AM

    Hi Saleem,

    Rebought RLYP @ 13.09

    Not sure this is the bottom, but sentiment is so poor that I feel something good could happen. I wanted some biotech diversification too.

    Stocktrader

    ReplyDelete
  9. Stocks100April 1, 2016 at 9:37 AM

    Hi Stocktrader,
    Good luck with URI.

    Saleem

    ReplyDelete
  10. Stocks100April 1, 2016 at 9:37 AM

    This comment has been removed by the author.

    ReplyDelete
  11. Stocks100April 1, 2016 at 10:15 AM


    Hi Stocktrader,

    Good luck with RLYP.

    Saleem

    ReplyDelete
  12. Stocks100April 1, 2016 at 12:06 PM


    Hi Stocktrader,

    Sold V @ $77.65.

    Saleem

    ReplyDelete
  13. stocktrader_1996April 1, 2016 at 12:39 PM

    Hi Saleem,

    Nice run on V!

    Things worked out well this week. I hope it continues next week.

    Stocktrader

    ReplyDelete
  14. Stocks100April 1, 2016 at 12:45 PM


    Hi Stocktrader,

    Our portfolios are coming alive$$$$

    Saleem

    ReplyDelete