Indices closed UP.
S&P 500 @ 2465.84, high 2468.22, low 2454.96
RSI @ 52.82
CMF @ 0.216
Internals were :
UP volume led by 2.83 to 1 in NYSE & 3.62 to 1 in Nasdaq
Advancing stocks led by 3.22 to 1 in NYSE & 3.27 to 1 in Nasdaq
Net new 52 wk high were leading by 3 in NYSE & lows by 5 in Nasdaq
VIX Down 20.50% @ 12.33
Oil @ $47.59
Gold @ $1290.40
Stocks which were UP 2% or more MOMO NVDA OCLR SPWR
WB MCHP MU AMD CY BAC JKS QRVO SINA EXPE FNSR FSLR CIEN WYNN DATA SNAP SHOP CRUS SWKS LRCX.....
AH news....YY Down 3.95%...secondary offering 5.75 million ADS
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong and closed near high of the day, internals were mostly strong. Nasdaq was the star, all FAANG participated except NFLX, which was slammed by Barron's over the weekend. NVDA made up all the losses and added some more gains, a case of hidden agenda of wall street. VIX slumped, which foretells about indices moving higher for confirmation of this strong rebound. Buy the strength.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold TZA @ 16.82
With North Korea seemingly resolved for now, I expect a few weeks of clear sailing.
Stocktrader
Hi Stocktrader,
Good luck with your next pick.
Saleem
Hi Saleem,
Bought URI @ 112.51
After another great quarter and right at technical support, I thought I'd give this a try.
Stocktrader
Hi Stocktrader,
Good luck with URI.
Saleem
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