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
Hi Saleem,
ReplyDeleteSold 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,
ReplyDeleteCurrent 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,
ReplyDeleteGood luck with DKS.
Enjoy your time away from watching ticker, your portfolio is in very good shape and healthy / profitable.
Saleem