Indices closed UP.
S&P 500 @ 2388.77, high 2392.10, low 2382.68
RSI @ 63.09
CMF @ -0.019
Internals were :
Down volume led by 1.62 to 1 in NYSE & .71 to 1 in Nasdaq
Declining stocks led by 1.03 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 246 in NYSE & 198 in Nasdaq
VIX Down 4.52% @ 10.36
Oil @ $48.97
Gold @ $1265.90
Stocks which were UP 1% or more included AMD TWTR
CY OLED AMZN SWKS NVDA MU NFLX CTRP UA
JKS COH SINA DNKN PCLN YELP FSLR SPWR
AGU MGA X LRCX.....
AH ER......
SWKS Down 2.16%
INTC Down 3.55%
BIDU Down 3.76%
AMZN UP 3.88%
GOOG UP 4.01%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed UP and Nasdaq made another new all time high, internals were weak. Key technology earning reports were better than expected. Tomorrow is end of week and end of month which should be a positive for close.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sold Z @ 39.39 to take profits.
Stocktrader
Hi Stocktrader,
Booking profit is good.
Saleem
Hi Saleem,
Added to ZYNE @ 20.85 on this pullback.
It has many catalysts ahead shortly with good indications so far. I think it represents good value here.
Stocktrader
Hi Saleem,
Added a little bit to MU @ 27.66
I can't ignore the valuation, and I think business momentum remains strong. Despite it's big size, I think there's potential for privitization or takeover. At the very least, an activist might come in looking to create value for shareholders.
Stocktrader
Hi Stocktrader,
Good luck with more ZYNE and MU.
Saleem
Post a Comment