Tuesday, August 8, 2017

Indices closed down .15% to .24%......

Indices closed down.

 S&P 500 @ 2474.92, low 2470.32, high 2490.87

 RSI @ 59.63

 CMF @ 0.273

 Internals were :

 Down volume led by 1.75 to 1 in NYSE & 1.64 to 1 in Nasdaq

 Declining stocks led by 1.73 to 1 in NYSE & 1.47 to 1 in Nasdaq

 Net new 52 wk highs were leading by 90 in NYSE & 76 in Nasdaq

 VIX UP 10.37% @ 10.96

 Oil @ $49.17

 Gold @ $1262.60

 Stocks which were UP 1% or more included OCLR
BIDU TSLA VRX SWIR UA FNSR CHK
KORS.....

 AH News :

 DIS Down 3.86%, NFLX Down 3.12%

 PCLN Down 6.65%, TRIP Down 8.6%

 AH Futures Down

 AH Asian Markets Mixed

 AH Oil Down

 AH Gold UP

 About market, TAPE was UP and in new all time high in DOW & S&P 500, then news of tension between US & North Korea hit the TAPE and we retreated fast. Internals were mostly negative. On Wednesday TAPE will be dictated by events / news on North Korea. News on  AH earnings is mixed, some good and some bad . 

 BLOG does NOT give buy or sell.

 Saleem
at

17 comments:

  1. Stocks100August 9, 2017 at 5:23 AM


    Hi Stocktrader,

    Sold WB in pre-market @ $85.00.

    Saleem

    ReplyDelete
  2. Stocks100August 9, 2017 at 5:51 AM


    Hi Stocktrader,

    Sold MOMO @ $45.25 in pre-market.

    Saleem

    ReplyDelete
  3. Stocks100August 9, 2017 at 6:08 AM


    Hi Stocktrader,

    Sold OCLR @ $9.25 in pre-market.

    Saleem

    ReplyDelete
  4. Stocks100August 9, 2017 at 6:32 AM


    Hi Stocktrader,

    Bought NTES @ $304.00 in pre-market.

    Saleem

    ReplyDelete
  5. stocktrader_1996August 9, 2017 at 6:41 AM

    Hi Saleem,

    Good luck with repositioning!

    I trimmed some portfolio holdings:

    Trimmed BAC @ 24.67
    Trimmed ORCL @ 48.99
    Trimmed RCL @ 119.22

    I am eyeing TCMD and ALRM for a buy.

    Stocktrader

    ReplyDelete
  6. Stocks100August 9, 2017 at 6:42 AM


    Hi Stocktrader,

    Bought FB @ $170.11

    Saleem

    ReplyDelete
  7. Stocks100August 9, 2017 at 6:47 AM


    Hi Stocktrader,

    Good luck with your new buys.

    Saleem

    ReplyDelete
  8. stocktrader_1996August 9, 2017 at 7:05 AM

    Hi Saleem,

    Sold EXAS @ 38.10 to reduce risk and exposure.

    Stocktrader

    ReplyDelete
  9. stocktrader_1996August 9, 2017 at 7:57 AM

    Hi Saleem,

    Trimmed a small amount of COUP @ 30.46 because it was too large compared to other positions based on the other moves today.

    Current portfolio: RCL NOW BAC ORCL PETQ HUBS COUP APPN MU ZYNE MJCO, cash 21.7%

    Stocktrader

    ReplyDelete
  10. Stocks100August 9, 2017 at 8:03 AM


    Hi Stocktrader,

    Good luck with your strategy.

    Saleem

    ReplyDelete
  11. stocktrader_1996August 9, 2017 at 11:02 AM

    Hi Saleem,

    Bought a bunch of TZA @ 16.81 to protect the portfolio.

    Stocktrader

    ReplyDelete
  12. explorerAugust 9, 2017 at 11:21 AM

    Hi Stocktrader,

    ZYNE moved pretty good today. Do you see any news? Are you planning to add or sell? I still have these.

    Thanks,
    Explorer

    ReplyDelete
  13. josephAugust 9, 2017 at 11:27 AM


    Hi Stocktrader,

    ZYNE is on the move again. I am glad that you are holding on to it. I wish I had bought more when it plunged. Nobody can predict anything. Good luck.

    Joseph

    ReplyDelete
  14. stocktrader_1996August 9, 2017 at 11:29 AM

    Hi explorer,

    I'm seriously looking at selling out. The data from the epilepsy trial was very troubling, including limited effect overall and lower effect at higher doses, which is really strange. I think it presents a lot of risk for the osteoarthritis trial.

    Stocktrader

    ReplyDelete
  15. stocktrader_1996August 9, 2017 at 11:31 AM

    Hi Saleem,

    Sold ZYNE @ 8.10

    I have worries about their drug, as well as the broken stock in a seemingly more difficult environment now. I don't think it's time for bottom feeding.

    Stocktrader

    ReplyDelete
  16. stocktrader_1996August 9, 2017 at 11:33 AM

    Hi Saleem,

    Sold MJCO @ 4.63 avg

    The thesis didn't play out, and it was finally time to cut it loose given the poor technicals and uncertain catalysts.

    Stocktrader

    ReplyDelete
  17. Stocks100August 9, 2017 at 1:55 PM


    Hi Stocktrader,

    Good luck with TZA.....

    Saleem

    ReplyDelete