Indices closed mixed.....
S&P 500 @ 2400.67, low 2396.05, high 2405.77
RSI @ 62.42
CMF @ 0.218
Internals were :
Down volume led by 1.41 to 1 in NYSE & .54 to 1 in Nasdaq
Declining stocks led by 1.24 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk highs were leading by 129 in NYSE & 153 in Nasdaq
VIX UP 2.21% @ 10.65
Oil @ $48.66
Gold @ $1236.40
Stocks which were UP 2% or more included IAG BABA BIDU
QRVO CTRP WB SINA AMD MSFT CRUS.....
AH ER...JACK UP 11.20%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE followed oil today, opened UP with oil UP and closed Mixed with oil losing its gain.S&P 500 & Nasdaq made new all time high intraday. Chinese internet stocks were strong on good earning from WB & SINA which pushed BIDU, NTES & BABA up also. AMD also continued its recovery on positive speculation. Political revelations in USA is causing anxiety and may take a toll in market.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Bought Z @ 43.00
After watching this run away from me for a while now, I thought today was a good day to give it a go.
I'm also looking at GRUB for purchase--their user growth was amazing last quarter!
Stocktrader
Hi Saleem,
Bought GRUB @ 44.03
This rounds out the buys I've been targeting for a while now.
Portfolio: BABA TZA SPLK RCL ZYNE KBH PLNT GRUB Z MJCO, cash 31.1%
Stocktrader
Hi Stocktrader,
You bought TZA at the right time. Timing is everything. Political chaos can really create havoc. Good luck.
Joseph
Hi Stocktrader,
Good luck with Z and GRUB.
Good day to buy!
Saleem
Hi Saleem,
Bought MU @ 27.87
I had my eye on it yesterday for a good chart and valuation and potential catalysts. Today the price is better :)
Stocktrader
Hi Saleem,
Added to SPLK @ 66.80
This is the biggest, most forward-looking company that people have never heard of. Although it is now my largest position by far, I can't think of a better idea to be involved in.
Stocktrader
Hi Saleem,
Bought ACIA @ 46.65
I've been watching this one after that horrible forward guidance and the stock has acted very well. It tells me that investors are seeing the value in the company with the recognition that the 100G upgrade cycle is approaching even if the near term is questionable. These guys have leading technology and represent a great acquisition here also.
Stocktrader
Hi Stocktrader,
Excellent move on a down day.
Good luck with MU, more SPLK & ACIA...
ACIA has been trashed...thus good entry.
Saleem
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