Indices closed UP.
S&P 500 @ 2430.06, high 2430.06, low 2413.54
RSI @ 66.98
CMF @ 0.380
Internals were :
UP volume led by 4.12 to 1 in NYSE & 3.23 to 1 in Nasdaq
Advancing stocks led by 4.73 to 1 in NYSE & 3.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 249 in NYSE & 188 in Nasdaq
Oil @ $48.36
Gold @ $1270.10
VIX Down 5.00% @ 9.89
Stocks which were UP 1% or more BABA OCLR SWIR OLED
TWTR NTES FNSR QRVO CNQ CY UA LVS WYNN LEN
EXPE EBAY YUM FFIV VRX TK RIG LNG FEYE JKS
YELP SPWR CIEN GS TRIP MGA MS SHOP MCD
CRUS SWKS KBH OPK CMG AAL M PANW
CNX...
AH ER :
LULU UP 16.09%, AVGO UP 4.22%
ZUMZ Down 8.3%, RH Down 23.35%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE rallied on better than expected jobs data from ADP, that bodes well for Friday's jobs report @ 830AM. Dow & S&P 500 closed @ absolute high of the day, while Nasdaq missed it by 24 tick. S&P 500 and Nasdaq closed @ new all time high, Dow is only 56 points away. Internals were strongest i have seen in a long time. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Sold ACIA @ 47.35 (tried at 47.80 earlier but that trading platform broke momentarily)
Even though the sector is resurging, ACIA is suffering from poor execution, and the stock price is not responding that well. I may look for a different target here.
Stocktrader
Hi Stocktrader,
Good luck with next pick.
Saleem
Hi Saleem,
Sold CHK @ 4.97
Energy is very challenged right now with a future that is increasingly uncertain. Even though this was my smallest position, I'm really trying to prune the losers.
Stocktrader
Hi Saleem,
Current portfolio: RCL FB ZYNE BABA MU SPLK KBH PLNT Z GRUB MJCO, cash 15.1%
I may still make a few moves today.
Stocktrader
Hi Saleem,
Added a bit more to ZYNE @ 19.27
This is still my current best idea for the reasons I outlined before, including seasonal biotech strength during summers. Even with this add, and becoming my 2nd largest position, it is still only 13% of the portfolio, so I'm not too exposed to a negative surprise.
Stocktrader
Hi Stocktrader,
Good luck with more more more ZYNE....
Saleem
Hi Saleem,
Bought a speculative position in YEXT @ 13.44
I think this is an interesting business and I wanted to start a position on this pullback.
Stocktrader
Hi Stocktrader,
Good luck with YEXT.....i have to read up on it.
Saleem
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