Indices closed down.
S&P 500 @ 2083.56, 2075.53, high 2103.32
RSI @ 45.10
CMF @ 0.058
Internals were :
Down volume led by 1.09 to 1 in NYSE & 2.96 to 1 in Nasdaq
Declining stocks led by 1.47 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 280 in NYSE & 117 in Nasdaq
VIX UP 10.07% @ 13.77
Oil @ $44.66
Gold @ $1090.10
AH ER.... MNST UP 4.56%. CSOD UP 4.96%
NVDA UP 10.61%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak on fear of strong jobs report and higher interest rates sooner than expected. Jobs report should show improving economy and its positive impact. Stock market likes growth in economy as it improves profitability for corporation. Nasdaq suffered its sharp loss in a long time and is below 50 DMA, S&P 500 is near 200 DMA, hopefully we rebound from these support levels.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
I thought CSOD's revenue guidance was nothing special and margin guidance for the rest of the year was lowered. I'm not really in a hurry to re-enter.
Stocktrader
Hi Saleem,
Sold LNKD @ 189.02
Sold SGMO @ 7.50
Sold the stocks I thought might be vulnerable as we price in the upcoming rate hike.
Stocktrader
Hi Saleem,
Was out all day after a couple hours in the morning. I may have missed some perfect entries on some stocks I had been watching, but the market is acting pretty strangely in general, so who knows what will happen next week.
Have a great weekend! :)
Stocktrader
Hi Stocktrader,
Was out whole day.
Just doing my BLOG.
Saleem
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