Thursday, April 16, 2009

Stocks Reach New High Close

In the meantime watch the Susan Boyle video link below...it's worth watching and Post in the Comment Section what you feel...Thanks Dave DJIA + 95.81, +1.19% SP500 + 13.24, +1.55% NASDAQ Comp. + 43.64, +2.68% Russell 2000 + 12.75, +2.76% Exchange NYSE NASD Advancing 2,578 1,727 Declining 1,113 1,018 Oil $49.25 -$0.16 Gold $893.00 +$1.80 SOX 254.50 +8.27 VIX 35.79 -0.38 The VIX moved down and did confirm the move up in the SPX on Wednesday. Strongest Sectors: XLY +3.49%...XLI +3.38%...XLK +2.97% Weakest Sectors: XLB +0.04%...XLV +0.45%...XLE +0.47% All nine Sectors moved higher on Thursday. Financial stocks stronger than XLF, +1.11% include: RF, SPG, ZION, AFL, KEY, TROW, MS, JPM, AOC and ETF’s UYG and FAS. The Tech Sector XLK gained +2.97% as INTC and other semiconductors regained some on Wednesday’s correction. Leading tech stocks stronger than XLK at +2.97%: DELL, HPQ, MSFT, TXN, SYMC, AMAT, AAPL, ORCL and ADBE. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU The major indexes rebounded from Tuesday and Wednesday’s pullback and made a new high close for the current six week up trend. Friday is options expiration which often leads to greater intraday volatility as option traders cover and close open positions. Stocks to Watch on Friday Leading Stocks Holding Above 30 DMA BIDU, CLB, NFLX, DLTR, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, ATW, GR, BIIB, SLGN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, MOS, RBN, ESRX, PCLN, URE, AMED, VAR, PCR, PPD, MON, NIHD, SPWRA, RCI Moving Above 30 DMA = 7 HANS, NTLS, PETS, STRA, SWN, TDG, MCD Moving Below 30 DMA = 2 CPLA, WMT Staying Below 30 DMA GILD, BKC, APEI, BLUD, DV, ESI, GXDX, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Up

10 comments:

Judy B said...

I could watch this every day!

Robert said...

inspiration on another watch
BGO on INTC, thanks for going over that again as we learn most of us wouldn't not analize that price action and the importance. with earning season on us quality stocks may not give analyist what they want to hear " opportunity " arises

John H said...

Dave,

After the discussion last night on your webcast (wow 6 hours!), I decided to watch the video again this morning. Susan Boyle is such an inspiration to me to dream big dreams and then work and work and work to achieve them.

What poise in the face of adversity. I can just imagine her looking in the mirror each morning for 35 years and saying "I'm a great singer, I'm a great singer, I'm a great singer, and a darn good looking one, too!" But no one is laughing, now!

Thank you Dave for bringing this video to my attention and for your continual efforts to help me become a great trader. Like the other great coaches I have known, you expect more of me than I think I have and will not settle for anything less.

Eric said...

Wow, that was incredible, thanks Dave!

Eric said...

Dave,

Can you offer any comments on goog breaking 200 day ma. Good time to enter or watch if it sees 200 day ma as support as an entry?

Thanks,
Eric

Ron said...

INSPIRING....I received this video earlier in the week and ignored it. Thanks for posting Susan's video and thanks for your tireless teachin and preachin....we all need it.

Anonymous said...

What an inspiration.
I was expecting something different. And how that relates to trading... A great reminder to trade the chart and not my expectations.
On top of it. "Go out and get it..."

Dave Johnson said...

Judy, Robert, John, Eric, Ron and Britta,

Thank you for taking the time to share your impressions.

Dave

Unknown said...

Great information

Unknown said...

Dave,
Susan Boyle never gave up her dream. That in itself is very inspirational. At the age of nearly 59 I am working on a dream of being a great trader. With your help and inspiration, I WILL achieve that goal.
Thanks for all the time and energy you put in to help all of we students.