Indices closed down.
S&P 500 @ 1829.08, low 1810.10, high 1847.00
RSI @ 33.76
CMF @ 0.090
Internals were :
Down volume led by 4.29 to 1 in NYSE & 2.57 to 1 in Nasdaq
Declining stocks led by 4.46 to 1 in NYSE & 2.30 to 1 in Nasdaq
Net new 52 wk lows were leading by 696 in NYSE & 485 in Nasdaq
VIX UP 7.04% @ 28.14
Oil @ $26.21
Gold @ $1247.80
AH ER....ZG Down 10.17%, CYBR Down 11.11%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continued its slump with oil prices again. As we are deeply oversold Dow recovered from 400 slump to a half decent close of down 254. Nasdaq behaved much better by being down only 16 points. It is important to stay with your own conviction and show patience as stock prices can go north in a hurry. Only closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hi Saleem,
Sold the rest of my TZA hedge @ 69.92
I think the fever is broken for now.
Stocktrader
Sold FB @ 103.98. Gl
Joseph
Hi guys,
Nice quick positive trade Joseph!
I added to RLYP @ 16.82
Stocktrader
Hi guys,
Bought NXPI @ 65.85
Great execution last quarter and guidance compared to many semis, potential upside from integration synergies, and the desire for more cyclicality in the portfolio drove this purchase.
Stocktrader
Hi guys,
A couple of regrets today: I had an offer to sell TMF @ 100.27 that I pulled before it would have executed, and I almost bought URI @ 43.75 (had my finger hovering over the confirm button).
I really think the worst is behind us for now but was hard to flip to so fully bullish on a snap.
Stocktrader
Hi Joseph,
Cramer always tells everyone " not to trade AAPL but keep in portfolio "
Good trade call Cramer to change his losing mantra. ..AAPL down $40 points so far with hold philosophy.
Saleem
Hi Stocktrader,
Good luck with NXPI and more RYLP.
Saleem
Hi Saleem,
Swapped some TMF @ 97.82 for a smaller HUN position @ 8.28
I think this is about how much bullish I wanted to be and I think HUN's earnings may have troughed. They are showing better execution in a very weak environment.
Stocktrader
Hi Saleem,
Portfolio: TMF RLYP GM DKS TREE BAC NXPI FIT WLH HUN
Stocktrader
Hi Stocktrader,
Good luck with HUN and with your portfolio.
Saleem
Hi Saleem,
It will be a big homework weekend. Many charts finally show a buyable bottom.
Stocktrader
Hi Stocktrader,
Who knows.....we may have hit an all time buying opportunity.
Good luck with your homework and buying ideas.
Saleem
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