Indices reversed & closed @ low of the day.
S&P 500 @ 1969.95, high 1984.85
RSI @ 51.20
CMF @ 0.134
Internals were :
Down volume led by 2.04 to 1 in NYSE & .89 to 1 in Nasdaq
Declining stocks led by 1.52 to 1 in NYSE & .96 to 1 in Nasdaq
Net new 52 wk highs were leading by 50 in NYSE & 5 in Nasdaq
VIX UP 5.73% @ 13.28
Oil @ $100.97
Gold @ $1298.30
Stocks which closed green today included MU
YELP TWTR EXPE LNKD TSLA PCLN MRVL
LVS SINA DNKN EBAY FFIV INVN YNDX SNDK
BRCM AMCC GMCR SPLK SBUX DATA CSOD WLT
WYNN AGU
AH ER...BWLD Down 10.65%, TWTR UP 28.45%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was under "political sanction pressure plus Gaza fighting". TAPE started green & fought selling but in the end we closed @ low of the day. This negative action will propel this market higher once peace comes to Gaza & non-impact of sanctions are evident". We are building a nice base & making higher lows, so no real technical damage done so far.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hey Saleem,
What do you think about BWLD here right at the 50 DMA on the pullback? Earnings and guidance seem good and the pullback appears to be a "sell the news" reaction more than anything...
Stocktrader
Hey Saleem,
Bought BWLD @ 151.01.
I thought it worth a small try.
Stocktrader
Hey Saleem,
Trimmed PFPT @ 36.95.
Stocktrader
Hi Stocktrader,
Good luck with BWLD..
Saleem
Hey Saleem,
Hmm...I always mess up when I venture into a stock situation where I am less familiar than my regulars. BWLD is definitely more peripheral for me, and I might have gotten burned...
Stocktrader
Hi Stocktrader,
It is wise to stay with known well researched stocks....that is why my universe of stocks are limited.
Since it is a small position in BWLD..taking a loss is better than staying with unknown....my 2 cents..
Saleem
Hey Saleem,
As I mentioned in my weekly posting, I'm very bad at having bearish views. Every single up move in a stock I like, but aren't in, kills me inside...
Stocktrader
Hey Saleem,
I'm also concerned YELP will go up tonight "no matter what". I have a sick feeling about that but can't step in after this run today...
Stocktrader
Hi Stocktrader,
Always follow your gut irrespective of current price....
I say..
GO for YELP....
Saleem
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