Indices closed UP.
S&P 500 @ 2447.83, high 2449.32, low 2441.69
RSI @ 52.72
CMF @ 0.083
Internals were :
UP volume led by 1.70 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk highs were leading by 110 in NYSE & 61 in Nasdaq
VIX Down 3.88% @ 9.90
Oil @ $46.08
Gold @ $1217.30
AH news....CYBR Down 17.65%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE continued its bull run with all indices closing in green, they closed near high of the day, Dow made a new all time high. Internals were all positive. Oil has found bid and equities have no real anxieties. Nasdaq continues on its own bull run, which is good for investor sentiment. Friday should be a positive day. There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Sold SWN @ 6.03 to take profits ahead of earnings.
Also, looking for near 117 to sell URI--I missed a chance earlier because I hadn't quite decided what to do yet...
Stocktrader
Hi Saleem,
Sold SWKS @ 103.45 to take profits. I fear that much of the boost from the iPhone release is built in at these levels.
Stocktrader
Hi Saleem,
Sold URI @ 116.38
Although I like their rental model, I am skeptical of how much non-residential construction activity is/will be happening. This changes if some kind of infrastructure plan comes through, but for now it feels like more and more companies are "on hold".
Stocktrader
Hi Stocktrader,
Good move in booking profits.
Saleem
Hi Saleem,
Sold AAOI @ 84.67 to take profits.
It's been too furious not to rest on this for a while, especially given the lumpy and cyclical nature of the optical business at times.
Stocktrader
Hi Saleem,
Sold BABA @ 152.09 to take profits.
Given they already gave full year guidance, I'm not sure there's much left to anticipate this quarter. The stock and idea needs a rest.
Stocktrader
Hi Stocktrader,
I have been watching AAOI from the sideline. Nice gain....
I have two positions that are in deep red - SWN and CHK. I may have to sell it and look for better opportunities.
Good luck.
Joseph
Hi Stocktrader,
Good strategy to book profit in strong TAPE....
Saleem
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