Indices closed down.
S&P 500 @ 2363.64, low 2358.96, high 2367.79
RSI @ 74.43
CMF @ 0.498
Internals were :
Down volume led by 2.53 to 1 in NYSE & 2.96 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 3.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 117 in NYSE & 62 in Nasdaq
VIX UP 6.87% @ 12.92
Oil @ $54.01
Gold @ $1253.90
In my portfolio :
Sold OCLR @ $8.51
Bought AMD @ $14.43
AH ER..AMBA Down 5.00%, PANW Down 19.95%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE struggled whole day on content of speech to US lawmakers by unpredictable President. Internals were weak. Hopefully we regain strength in Wednesday trade. Stay with your high conviction stocks. This is an unusual bull market with slow and steady rise to many more all time highs, never call a top in any stock, unless they have decidedly turned south.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Sold SWKS @ 96.17
Sold DFRG @ 16.05
Sold Z @ 34.64
Sold URI @ 133.42
Sold HUN @ 23.21
Using today's huge day to take some profits.
Stocktrader
Hi Stocktrader,
It is always good to book profit. Your stocks have performed well. You will always have better opportunities to buy back your favorite stocks.
Thanks for sharing your trade. Good luck to all.
Joseph
Hi Stocktrader,
Good move in booking gains.
Saleem
Hi Saleem,
This big of a rally this late in the run might signal the top. I'm definitely more cautious now. It seems to be dragging every last person in today.
Stocktrader
Hi Saleem,
Sold DAL 51.78
Sold HBAN 14.62
Sold SPLK 62.62
Sold GM 37.51
Sold MU 24.52
Stocktrader
Hi Saleem,
Sold CHK @ 5.63
Portfolio: BABA ZYNE TECK PI MJCO, cash 73.8%
Stocktrader
Hi Stocktrader,
Yes this "could be a blowoff rally"
Good luck with your remaining portfolio.
Saleem
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