Indices closed down.
S&P 500 @ 2176.12, low 2170.41, high 2182.27
RSI @ 53.11
CMF @ 0.152
Internals were :
UP volume led by .84 to 1 in NYSE & 1.06 to 1 in Nasdaq
Advancing stocks led by .96 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & 123 in Nasdaq
VIX UP 1.39% @ 13.12
Oil @ $46.35
Gold @ $1316.50
AH ER...PANW Down 5.21%, VEEV UP 5.21%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE struggled with US$ being strong & oil being lower. Market fought its way to reasonable close, even internals were much better. Every stat is being viewed as confirmation of hike in interest rate. Weakness to be viewed as buying opportunity, hike in interest rate is coming & market will find its footing once its discounted.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Added to SWN @ 13.90
With natural gas prices approaching $3 already and winter still ahead, I think SWN could perform well into year end.
Added to TRIL @ 12.76
This stock has performed well despite the biotech selloff and looks to be setting up for another run. As mentioned before, their technology is targeting an emerging hot spot and could be poised for a big year end gain.
Generally now I'm starting to look at which companies could get that massive boost into year end as people don't sell their winners. Relative strength becoming ever more important--not much time left for a stock to suddenly turn around...
Stocktrader
Hi Stocktrader,
Good luck with more SWN / TRIL.
Saleem
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