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
8 comments:
Hi Saleem,
Trimmed some TNA @ 51.44
Stocktrader
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
Hi Saleem,
Trimmed SPLK @ 61.02
Bought FB @ 151.74
Again, swapping for better performers.
Stocktrader
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
Hi Saleem,
Added more FB @ 152.01
I was impressed with last earnings report and valuation is still very reasonable, especially ex-cash.
Stocktrader
Hi Stocktrader,
Good moves with FB and more RCL.
Yes this is a bull market in high profile stocks.
Saleem
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
Hi Stocktrader,
Good luck with your well researched ZYNE, more is better when they are on sale.
Saleem
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