Indices closed UP.
S&P 500 @ 2270.76, high 2272.56, low 2266.14
RSI @ 70.63
CMF @ 0.040
Internals were :
UP volume led by 2.37 to 1 in NYSE & 1.82 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 168 in NYSE & 210 in Nasdaq
VIX Down 2.22% @ 11.45
Oil @ $52.23
Gold @ $1133.60
Stocks which were UP 1% or more included AMD BAC FCX TECK
MU AKS C PI NVDA NEFF UA LULU COH TSLA YHOO AGU
BABA YELP CIEN GS MS TRIP AAL X M....
AH ER...NKE UP 1.87%, FDX Down 3.34%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE continued its bull run and in the process made another new all time highs in Dow & Nasdaq. Internals of the market was strong, new highs expanding. Most sector participated in today's rally. commodities stocks were back in vogue, some technology stocks were super strong. Balanced portfolio outperforms in a day like today. Much anticipated 20,000 is in the bag and it is going further north.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold PI @ 41.32
I couldn't take it anymore, I had to sell!
Stocktrader
Hi Stocktrader,
Well done with PI. Your patience in holding the stock is great. I would have taken the profit long time ago.
I see CNAT flying to the moon. If you believe in some stocks you must keep it, even though I am skeptical of some of the penny stocks. I wish you had held on to it.
Keep up the good work; and thanks for sharing your trades.
Joseph
Hi guys,
Thanks Joseph, it was very hard to keep PI that long--I'm glad it worked also. As for CNAT, it is tough to hold out only for a buyout--clinical data wasn't due until 2018 otherwise...
Trimmed QRVO @ 55.23 based on my comments from yesterday. It is merely a speculative position size now.
Sold M @ 37.85 based on my comments from Monday when I sold the other portion.
Stocktrader
Hi Stocktrader,
Nice profit in remaining PI, trimming @ $34+ was a bit hasty.
Good luck with proceeds from QRVO and M.
Saleem
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