Thursday, June 29, 2017

Indices closed down .78% to 1.44%......

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:

stocktrader_1996 said...

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

stocktrader_1996 said...

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

Stocks100 said...

Hi Stocktrader,

Good luck with more MU

Enjoy your vacation with family

Market is behaving already!

Saleem

Stocks100 said...

Hi Stocktrader,

Good luck with more MU

Enjoy your vacation with family

Market is behaving already!

Saleem

joseph said...


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

explorer said...

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

stocktrader_1996 said...

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

explorer said...

Hi Saleem & stocktrader,

I got into TSLA calls hoping that they have some news on model 3 this weekend

Thanks,
Explorer

Stocks100 said...


Hi Explorer,

Yes...TSLA news moves the stock ....

Good luck!

Saleem