Indices closed UP.
S&P 500 @ 2385.26, high 2390.01, low 2368.94
RSI @ 66.16
CMF @ 0.374
Internals were :
UP volume led by 5.63 to 1 in NYSE & 2.63 to 1 in Nasdaq
Advancing stocks led by 6.52 to 1 in NYSE & 2.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 130 in NYSE & 120 in Nasdaq
VIX Down 5.45% @ 11.63
Oil @ $48.86
Gold @ $1200.60
Stocks which were UP 1% or more included CNQ CY OCLR TECK
AKS MU PI OLED GG ABX SLW AEM KGC QRVO VRX FNSR
CIEN CHK FCX UA AAPL MA JKS CSIQ FSLR SPWR COH
LEN NFLX EXPE SU TK RIG LNG FEYE WB YELP AGU
TRIP MLNX SWIR MGA CRUS KORS KBH AAL X CNX
LRCX.....
AH ER...ORCL UP 5.92%, JBL Down 1.78%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong based on "as expected " Fed policy statement and decision. Gold stocks were the biggest beneficiary and financials were negatively impacted. Should see new all time highs in most indices by end of week. Keep an eye on strategic buying and selling to optimize profit.
BLOG does NOT give buy or sell.
Saleem
ReplyDeleteHi Saleem and stocktrader,
Sold 50% of TECK @ 22.04.
Joseph
ReplyDeleteHi Guys,
Sold FCX @ 12.90 I had to take some loss with TECK and FCX.
Good luck
Joseph
Hi Joseph,
ReplyDeleteGood luck with your strategy and portfolio.
Saleem
Hi Joseph and Stocktrader,
ReplyDeleteAdded 20% AMD @ $13.74.
Saleem
Hi Saleem,
ReplyDeleteGood luck with the two additional AMD buys.
Hi Joseph,
Good to have been patient with a better exit than days ago. FCX is having major problems with its Grasberg mine's permits, and TECK continues to get tossed around by China's changing commitments to capacity cuts in coal and steel...
Stocktrader
ReplyDeleteHi Stocktrader,
Thanks for sharing your views on TECK and FCX. I had too much exposure in commodities and so I decided to minimize the loss and look for better opportunities. Thanks for sharing your trades. Good luck
Joseph