Indices closed UP.
S&P 500 @ 2440.69, high 2442.97, low 2428.02
RSI @ 57.26
CMF @ 0.226
Internals were :
UP volume led by 3.79 to 1 in NYSE & 3.46 to 1 in Nasdaq
Advancing stocks led by 3.19 to 1 in NYSE & 3.29 to 1 in Nasdaq
Net new 52 wk highs were leading by 97 in NYSE & 50 in Nasdaq
VIX Down 9.31% @ 10.03
Oil @ $44.74
Gold $1249.10
Stocks which were UP 2% or more included
BBRY LULU MOMO OCLR SWIR
TSLA VRX QRVO NVDA CNQ CY
BAC TECK FCX JKS CSIQ SPWR TK
SINA MRVL FEYE YELP CIEN TRIP MGA
SNAP SHOP KBH OPK X LRCX CNX.....
AH News...PRGS UP 6.1%, PIR Down 12.27%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong and all indices closed near high of the day, a very positive technical rebound after yesterday's slump. Internals were strong. Most sector were green. IF we close green on Thursday, then this rally has room to go to new all time highs. TAPE has been volatile lately, but, it is wise to stay with high conviction stocks.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteBought SWKS @ 96.31
I didn't think I'd get this chance again, but here we are...
Stocktrader
ReplyDeleteHi Stocktrader,
Good entry point ...SWKS works!
Saleem
Hi Saleem,
ReplyDeleteI wanted to sell some MU ahead of earnings, but the stock has moved continuously down this morning. Now I'm not sure how I want to play it...
Stocktrader
Hi Saleem,
ReplyDeleteBought BABA @ 139.07
This company is doing too many things in too big a market to ignore. With the updating earnings estimates, it is fairly cheap on a GARP basis still.
Stocktrader
ReplyDeleteHi Stocktrader,
Good move with BABA....great prospect going forward$$$$
On MU...IF you have profit...then booking it is a very good idea....it reports tonight, it may be sell the news....
Saleem