Indices closed down.
S&P 500 @ 2071.50, low 2069.80, high 2085.65
RSI @ 44.68
CMF @ 0.177
Internals were :
UP volume led by 1.65 to 1 in NYSE & 1.09 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 89 in NYSE & 31 in Nasdaq
VIX Down 1.76% @ 20.14
Oil @ $48.01
Gold @ $1288.30
Stocks which closed green included JCP TWTR UA
LNG PANW SPLK QRVO LULU GG ABX KGC
BIDU COH LEN TSLA YUM FFIV PCLN
SWN SSYS FEYE BABA YELP OLED
M SODA LRCX TCK SLW DATA
SWIR FCX.......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong before fed statement but closed near low of the day, Fed statement was interpreted as no increase until September @ the earliest, Fed acknowledged job weakness and Brexit as key reason for delay. Internals were all positive which is a good for health of TAPE. Its again watch and wait for Brexit polls which keeps confirming yes vote. Sit tight with your strong stocks which has high comfort level for you.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Bought OLED @ 69.20
I really wanted this much lower, but the prospects of universal adoption starting with the iPhone 8 next year makes this constantly accumulated. The relative strength was good today, so I'll see what happens now.
Stocktrader
Hi Saleem,
Ugh, that turned against me quickly! I guess I had more chance to be patient than I thought. It's hard to see a stock you are looking to buy just keep ticking higher against a falling market. It rallied $1.50 from the lows very unusually and there was at least one 32,800 block at 69+ that I saw.
Oh well, thesis remains, price might be expensive.
Stocktrader
Hi Saleem,
Bought AVAV @ 30.28
Rebuying after selling last week on profit taking.
Stocktrader
Hi Stocktrader,
Good luck with OLED & AVAV.
Saleem
Post a Comment