Indices closed near high of the day except Nasdaq which was @ midpoint.
S&P 500 @ 1830.61, high 1834.19, low 1815.80
RSI @ 43.43
CMF @ -0.031
Internals were :
UP volume led by 3.21 to 1 in NYSE & 1.55 to 1 in Nasdaq
Advancing stocks led by 1.93 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 12 in NYSE & lows were leading by 54 in Nasdaq
VIX Down 5.40% @ 16.11
Oil @ $104.05
Gold @ $1327.50
Stocks which were UP 2% or more included MU OWW
SWIR YY SPLK TWTR EXPE MA BIDU CSIQ
DDNKN FFIV V ARUN C PANW STLD
MS WLT....
AH ER PBY Down 5.85%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed on a stronger note which is a good thing. Internals & volume leaves a lot to be desired. We need to close on Tuesday near high of the day otherwise we could struggle again. Markets are always tricky so it is better to stay diversified & watch how your portfolio is performing against market.
BLOG does NOT give buy or sell.
Saleem
20 comments:
Hey Saleem,
Got longer this morning:
Sold TZA @ 17.698
Bought PANW @ 66.34
Bought YELP @ 63.5
Stocktrader
Hi Stocktrader,
Good luck.
Saleem
Hey Saleem,
Bought DATA @ 64.223.
Stocktrader
Hey Saleem,
Bought JKS @ 25.696.
Stocktrader
Hi Stocktrader,
Good luck with your aggressive portfolio.
Saleem
Hey Saleem,
Bought TRIP @ 83.60.
I tried to wait for a price in the $82s but came in too late and it doesn't seem to be looking back.
I think travel bookings were up huge in the first quarter when the weather was so bad. I am using this stock as a way to play that.
Stocktrader
Hey Saleem,
Bought SGMO @ 14.139.
It looks like the stock has found support at the 200 DMA and I am constructive on the market at this level.
Stocktrader
Hi Stocktrader,
Good luck with TRIP & SGMO....
Weather has been factored in every estimate...it is the guidance which matters.
Saleem
Hey Saleem,
Added to PFPT @ 29.297.
Stocktrader
Hey Saleem,
I'd buy something like SWKS here based on the chart, but I actually fear the semiconductor group right now. I think smartphone sales may have been sluggish in Q1 (makes me negative on AAPL too).
Stocktrader
Hey Saleem,
Added to GM @ 32.538.
Stocktrader
Hey Saleem,
Bought SPLK @ 60.52.
Stocktrader
Hi Stocktrader,
It is very important to have strong conviction in any stock one buys or keeps.
Good luck with GM add on.
Saleem
Hey Saleem,
I really think we are near/at a point of maximum pessimism and coming right into support. I think the risk/reward is favorable here for long exposure.
Stocktrader
Hi Stocktrader,
Dow & S&P 500 are making higher lows today but Nasdaq has slumped to new low.....
Market health will be decided by Nasdaq......
Saleem
Hey Saleem,
Bought MOS @ 47.908.
Stocktrader
Hi Stocktrader,
MOS is looking healthier....
Saleem
Hey Saleem,
Bought CLDX @ 12.774.
Stocktrader
Hey Saleem,
Bought NOW @ 49.15.
I am fully invested now.
Stocktrader
Hi Stocktrader,
Good luck with CLDX & NOW.....
Saleem
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