Tuesday, July 18, 2017

Indices closed mixed......

Indices closed mixed.

 S&P 500 @ 2460.61, high 2460.92, low 2450.34

 RSI @ 62.88

 CMF @ -0.035

 Internals were :

 Down volume led by 1.57 to 1 in NYSE & .84 to 1 in Nasdaq

 Declining stocks led by 1.10 to 1 in NYSE & 1.24 to 1 in Nasdaq

 Net new 52 wk highs were leading by 104 in NYSE & 75 in Nasdaq

 VIX UP .71% @ 9.89

 Oil @ $46.40

 Gold @ $1241.90

 AH news...IBM Down 2.79%, UAL Down 3.55%
                  CSX Down 4.17%, VRTX UP 25.61%

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil Down

 AH Gold UP

 About market, TAPE closed mixed but Nasdaq and S&P 500 closed @ new all time high. Indices closed @ high of the day. Internals were weak.Many sectors are acting strong and making new highs. Stock selection is critical these days, buy the strength. Show conviction & patience with your high comfort level stocks.

 BLOG does NOT give buy or sell.

 Saleem
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6 comments:

  1. Stocks100July 19, 2017 at 6:35 AM


    Hi Stocktrader,

    Bought AMD @ $13.53

    Saleem

    ReplyDelete
  2. stocktrader_1996July 19, 2017 at 8:54 AM

    Hi Saleem,

    Good luck with AMD!

    Stocktrader

    ReplyDelete
  3. stocktrader_1996July 19, 2017 at 9:35 AM

    Hi Saleem,

    Sold FB @ 165.33 to take profits.

    Stocktrader

    ReplyDelete
  4. Stocks100July 19, 2017 at 9:38 AM

    Hi Stocktrader,

    We must think alike..... i also have a sell order.....few cents above....

    Saleem

    ReplyDelete
  5. stocktrader_1996July 19, 2017 at 11:18 AM

    Hi Saleem,

    Although this market has the feel of more gains ahead with this slow, steady rally, I just can't justify staying in some of my stocks after these huge runs ahead of earnings. Hopefully, there will be an opportunity some time to pick up some bargains. I'm up to 46% cash...

    Stocktrader

    ReplyDelete
  6. Stocks100July 19, 2017 at 11:31 AM


    Hi Stocktrader,

    All traders face the same question.....sell now or wait for more.....i keep increasing my sell price.....based on current strength of TAPE.....

    I smell more $$$$$$

    Saleem

    ReplyDelete