Indices closed UP.
S&P 500 @ 1948.86, high 1948.91, low 1916.52
RSI @ 40.15
CMF @ -0.021
Internals were :
UP volume led by 4.90 to 1 in NYSE & 5.89 to 1 in Nasdaq
Advancing stocks led by 2.87 to 1 in NYSE & 2.12 to 1 in Nasdaq
Net new 52 wk lows were leading by 61 in NYSE & 28 in Nasdaq
VIX Down 16.91% @ 26.09
Oil @ $46.25
Gold @ $1133.60
Stocks which were UP 2% or more included FB FIT LULU TSL
LNKD BIDU TSLA PCLN GOOGL AAPL SWIR TWTR
NXPI WUBA MU LEN JKS CSIQ AMZN EXPE CMG
YELP HIMX SNDK LSCC CIEN QIHU AAL MCD
GMCR SBUX X STLD DATA MS Z TRIP.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong and closed @ high of the day, all those yapping bears disappeared from CNBC, Gartman. Yamada and many took their licking today. It is important to recognize extremely oversold conditions before Monday morning quarter backs, who knew everything after close today. This TAPE is telling us that extreme negativity is out and "normal back & forth " will continue. Ensure that you have very high comfort level with your stocks.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Bought FCX @ 10.049.
Stocktrader
Hi Saleem,
Sold DATA @ 95.842
Sold HDP @ 23.41
I fear the market has shifted its focus away from these "future value" companies during these uncertain times. I want to move to the sidelines for now here.
Stocktrader
Hi Saleem,
Ugh. I hesitated and missed a decent entry on NXPI. Hopefully we see a bit of retracement later today.
Stocktrader
Hi Stocktrader,
Good luck with FCX & NXPI possibility.
Saleem
Hi Stocktrader,
Added 30% GPRO @ $40.11.
Saleem
Hi Saleem,
Good luck with GPRO. Although this quarter's numbers look shaky, I think the sentiment on both AMBA and GPRO is washed out completely.
Stocktrader
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