Indices closed UP
S&P 500 @ 2144.29, high 2148.44, low 2138.15
RSI @ 47.76
CMF @ -0.046
Internals were :
UP volume led by 3.14 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & 14 in Nasdaq
VIX Down 5.69% @ 14.41
Oil @ $51.60
Gold @ $1269.90
Stocks which were UP 2% or more included CNQ CMG
KORS ABX TSLA ZYNE LULU KGC JKS CSIQ
FSLR SPWR NFLX YHOO EBAYFNSR CHK
TK RIG AKS AAL X AEM DATA FCX
WYNN.....
AH ER...EBAY Down 7.84%, AXP UP 5.63%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong on oil being @ highest point in 15 months, Nasdaq was relatively weaker. Gold & other commodities took the leadership. Many sectors are in rotation, which is a sign of healthy TAPE. Earnings are coming in more or less as expected. Stay with your own strategy with high comfort stocks.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold YUM @ 86.52
I think the stock already reflected the anticipated spinoff as it is not acting well. The chart is poised for a breakdown, and I don't have enough reasons to stay involved.
Added to WLH @ 16.92
After today's housing numbers, it is ever more important to be exposed to homebuilders. Inventory remains extremely low.
Bought DKS @ 56.88
I think earnings estimates can move higher as they reap the benefits of very reduced competition. The biggest fear is the threat of AMZN, but I think they have some runway as the remaining player. To some degree, the purchase of sporting goods is a "hands-on" experience.
Stocktrader
Hi Saleem,
Current Portfolio: TRIL(16%), QRVO(10%) WLH SPLK ACIA SWN ZYNE URI LYB DKS(7%), CNAT (3%), cash 0.0%
I'll be out of town until Sunday. Hopefully this market holds together! :)
Stocktrader
Hi Stocktrader,
Good luck with DKS.
Enjoy your time away from watching ticker, your portfolio is in very good shape and healthy / profitable.
Saleem
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