Indices closed UP.
S&P 500 @ 1903.63, high 1906.73, low 1878.79
RSI @ 41.56
CMF @ -0.028
Internals were :
UP volume led by 9.53 to 1 in NYSE & 3.33 to 1 in Nasdaq
Advancing stocks led by 5.11 to 1 in NYSE & 2.48 to 1 in Nasdaq
Net new 52 wk lows were leading by 47 in NYSE & 74 in Nasdaq
Oil @ $31.45
Gold @ $1120.20
Stocks which were UP 1% or more included CNQ JKS SBUX
RLYP LNKD JCP SWIR PCLN TSL CSIQ FSLR SPWR
LULU COH LVS WYNN LEN DNKN CMG YUM
EBAY FFIV YELP AMCC CIEN AAL M MCD
X STLD ABX SLW GG AEM CCJ MGA MS
GS VRX Z AGU MLNX.....
AH ER...AAPL Down 2.57%, VMW Down 4%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong and closed near high of the day. Tonight IBD is changing its market outlook to "confirmed uptrend ". Internals were strong. Oil continues to dominate this TAPE and tomorrow will be no exception. Fed @ 2 PM may decide the direction of this market with its statement. Patience is being tested by this TAPE on a 48 hour basis, stay with your well thought and researched portfolio.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Bought SPLK @ 48.08
Back to my favorites :)
It is the stock I believe is the single best positioned to capitalize on the future of software with its real time platform encompassing big data, cybersecurity, and IT operations.
Stocktrader
Hi Saleem,
Sold OMED @ 9.52 to take small profits
I think this name is too hard with biotech stocks struggling so much. It may have 70% of its market cap in cash, but there's no reason in this environment that it couldn't go lower from here with its pipeline in question.
Stocktrader
Hi Stocktrader,
Good luck with SPLK.
Added 20% FB @ $ 96.25
Saleem
Hi Saleem,
Good luck with FB tonight!
Bought FIT @ 16.95 with the OMED money.
Earnings should be much better than expected, the Apple watch is rolling out slower than expected (if we actually count them as a competitor), the valuation is very reasonable especially with the cash on hand, and the chart is showing a double bottom with low volume on the retest (good thing) and an imminent MACD aggressive crossover.
Stocktrader
Hi Stocktrader,
Good luck with FIT, it was upgraded to BUY today plus your technical pivot.
Saleem
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