Indices closed down.
S&P 500 @ 2419.70, low 2405.70, high 2442.73
RSI @ 47.76
CMF @ 0.164
Internals were :
Down volume led by 1.53 to 1 in NYSE & 2.21 to 1 in Nasdaq
Declining stocks led by 2.39 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 41 in NYSE & 43 in Nasdaq
Oil @ $44.93
Gold @ $1245.80
AH ER...NKE UP 7.81%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under selling pressure again, volatility in markets has increased substantially, selling pressure came without any real reason today, that is a disturbing sign. S&P 500 and Nasdaq both dipped below 50 DMA but S&P 500 managed to close above, Nasdaq closed below 50 DMA. Internals improved by close but still negative.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Saleem,
Rebought the MU @ 30.26 that I sold yesterday.
The selloff today seems overdone, but this is more a trade than anything. It sure does seem like the clock is ticking on memory prices...
Stocktrader
Hi Saleem,
I considered some XBI instead, but today's CARA news shows just how difficult biotech can be. I leave for vacation tomorrow for a week--take care of the market for me! :)
Stocktrader
Hi Stocktrader,
Good luck with more MU
Enjoy your vacation with family
Market is behaving already!
Saleem
Hi Stocktrader,
Good luck with more MU
Enjoy your vacation with family
Market is behaving already!
Saleem
Hi Stocktrader,
Have a good time with your family. Last week, I had taken my kids to Legoland. We had good time there.
Thanks for sharing your views on market and the trades. Good luck.
Joseph
Hi stocktrader,
Volume will be low in a holiday week. Please enjoy your vacation with family. I am glad I was out of CARA. Whole biotech is down on this news.
Thanks,
Explorer
Hi guys,
Thanks for the well wishes!
I hate not having access to all my resources usually while on vacation, so I'm hoping nothing much crazy happens. At least it will be a short week, and no earnings :)
Stocktrader
Hi Saleem & stocktrader,
I got into TSLA calls hoping that they have some news on model 3 this weekend
Thanks,
Explorer
Hi Explorer,
Yes...TSLA news moves the stock ....
Good luck!
Saleem
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