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
17 comments:
Hi Stocktrader,
Sold WB in pre-market @ $85.00.
Saleem
Hi Stocktrader,
Sold MOMO @ $45.25 in pre-market.
Saleem
Hi Stocktrader,
Sold OCLR @ $9.25 in pre-market.
Saleem
Hi Stocktrader,
Bought NTES @ $304.00 in pre-market.
Saleem
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
Hi Stocktrader,
Bought FB @ $170.11
Saleem
Hi Stocktrader,
Good luck with your new buys.
Saleem
Hi Saleem,
Sold EXAS @ 38.10 to reduce risk and exposure.
Stocktrader
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
Hi Stocktrader,
Good luck with your strategy.
Saleem
Hi Saleem,
Bought a bunch of TZA @ 16.81 to protect the portfolio.
Stocktrader
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
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
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
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
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
Hi Stocktrader,
Good luck with TZA.....
Saleem
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