Indices closed UP.
S&P 500 @ 2177.18, high 2179.99, low 2170.94
RSI @ 55.85
CMF @ 0.088
Internals were :
UP volume led by 3.38 to 1 in NYSE & 3.92 to 1 in Nasdaq
Advancing stocks led by 4.84 to 1 in NYSE & 2.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 168 in NYSE & 186 in Nasdaq
VIX Down 9.62% @ 12.02
Oil @ $46.32
Gold @ $1344.70
Stocks which closed UP 2% or more included CNQ CMG
JKS RIG FEYE BABA FSLR SPWR MGA FCX ZG
MLNX.....
AH Futures Down
AH Asian Markets Mixed
AH OIl & Gold Down
About market, TAPE confirmed this UP move by closing UP back to back. Indices closed near high of the day.Internals were strong across the board. Its weekly option expiry, which may give more UP move to strong stocks. VIX is getting oversold, so keep an eye on any temporary pullback, which could provide buying good stocks @ slightly lower prices, that may happen on Monday. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi guys,
Sold AKS @ 4.96
Joseph
Hi Joseph,
Nicely done :)
Stocktrader
Hi Stocktrader,
Yesterday, I wanted to sell MACK @ 6.30 but I just cancelled it since the stock was trading at 6.50. Did I make a mistake not selling it? Let the time tell us the story.
Good Luck
Joseph
Hi Joseph,
I would "sell the news" on the EU approval if you are still looking for an exit point. Hopefully it'll pop another $1 when that happens.
Stocktrader
Thanks for your advice, stocktrader, I will wait and see. Good Luck with your trades.
joseph
Hi Joseph,
It is hard not to book a 35% in two days. Any sell decision for MACK at these prices would be a nice one :)
As for stocks in general, I only take profits when I feel the upside has become more limited on a medium term basis. I try not to do short term trading because I'm not often that good at it, and picking a top and rebuy bottom is never easy.
As for TRIL, I have no desire to take any profits. There are numerous potential catalysts that could gap the stock 10%+ on any given morning and I'd be very sad I tried to flip out and back in for a 3-5% benefit if I worked it perfectly. I am content to survive the ups and downs until it gets much higher in price.
Stocktrader
Hi Stocktrader,
Thanks for elaborating on your buy and sell decisions. I know everyone has their own comfort level. It may happen that if we sell a good stock with the intention of buying it again, may not come to a reality. I remember the buy and sell tactic with FCX and LBIO.
Once again Thanks so much for your time and sharing your views.
Joseph
Hi guys,
Sold MACK @ 6.10 and bought ZYNE @ 12.35
Joseph
Hi Joseph,
Good luck with the swap! :)
Stocktrader
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