Tuesday, May 30, 2017

Indices closed down .11% to .24%....

Indices closed down.

 S&P 500 @ 2412.91, low 2409.43, high 2415.26

 RSI @ 61.40

 CMF @ 0.375

 Internals were :

 Down volume led by 1.79 to 1 in NYSE & 1.17 to 1 in Nasdaq

 Declining stocks led by 1.74 to 1 in NYSE & 1.87 to 1 in Nasdaq

 Net new 52 wk highs were leading by 68 in NYSE & 38 in Nasdaq

 VIX UP 5.81% @ 10.38

 Oil @ $49.66

 Gold @ $1265.70

 AH news : ABEV UP 6.29%, SNCR Down 4.43%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil & Gold Down

 About market, TAPE was negative whole day and closed lower, oil was down and economic news in US was weaker than expected. FANG related stocks were strong and made new all time highs, AMZN touched $1000. Negative days are good for repositioning portfolio, many Chinese stocks are testing support.

 BLOG does NOT give buy or sell.

 Saleem
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8 comments:

  1. stocktrader_1996May 31, 2017 at 6:31 AM

    Hi Saleem,

    Trimmed some TNA @ 51.44

    Stocktrader

    ReplyDelete
  2. stocktrader_1996May 31, 2017 at 6:38 AM

    Hi Saleem,

    Added to RCL @ 110.44

    Adding more to those stocks working well. This is one of the few non-tech stocks that looks really good.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996May 31, 2017 at 7:31 AM

    Hi Saleem,

    Trimmed SPLK @ 61.02
    Bought FB @ 151.74

    Again, swapping for better performers.

    Stocktrader

    ReplyDelete
  4. stocktrader_1996May 31, 2017 at 8:05 AM

    Hi Saleem,

    Sold the rest of TNA @ 50.23

    This is not an overall bull market, just a bull market in certain stocks...back to stock picking!

    Stocktrader

    ReplyDelete
  5. stocktrader_1996May 31, 2017 at 8:07 AM

    Hi Saleem,

    Added more FB @ 152.01

    I was impressed with last earnings report and valuation is still very reasonable, especially ex-cash.

    Stocktrader

    ReplyDelete
  6. Stocks100May 31, 2017 at 8:14 AM

    Hi Stocktrader,

    Good moves with FB and more RCL.

    Yes this is a bull market in high profile stocks.

    Saleem

    ReplyDelete
  7. stocktrader_1996May 31, 2017 at 10:46 AM

    Hi Saleem,

    Added to ZYNE @ 18.33

    With upcoming catalysts, multiple insider buys, and a chart that hasn't quite broke despite weakness in the sector, I like the setup here.

    Stocktrader

    ReplyDelete
  8. Stocks100May 31, 2017 at 11:02 AM


    Hi Stocktrader,

    Good luck with your well researched ZYNE, more is better when they are on sale.

    Saleem

    ReplyDelete