Indices are higher on hope for peaceful resolution of North Korean conflict. Indices are @ low of the day.
S&P 500 @ 2501.41, high 2508.32, low 2500.90
Internals are positive by almost 2 to 1
Oil UP 5 cents
Gold Down $15.80
Canadian $ Down 1.26 cent @ .7682
VIX unchanged @ 10.17
In my portfolio :
Sold NVDA @ $186.50
Bought NFLX @ $184.00
Added 100% SQ @ $28.80
Portfolio AMD CTRP JD MOMO NFLX SQ
Most stocks are UP
@ 2.25 following are red :
AAPL WUBA LULU GOOG AMZN FB SNAP VRX
TWTR CNQ GG UA ABX KGC JKS COH QRVO
CSIQ SINA EXPE SU WB FSLR TRIP ORCL
MGA AEM CRUS SWKS KORS NKE M
AAL CMG.....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Sold YY @ 76.31
The chart looks like it's starting to roll over, and the secondary may weigh if a down move starts. It seems like the more "physical" stocks in the market have the traction currently.
Stocktrader
Hi Saleem,
Bought SWN @ 5.90
Natural gas is breaking out today, and the SWN is very near a breakout. It could be 10% upside in short order if it does break.
Stocktrader
Hi Stocktrader,
Good luck with SWN.....
Saleem
Hi Saleem,
Sold INCY @ 118.44
This was a failed attempt to buy a stock on a secondary. In retrospect, I think the secondary indicated to the street that the company wasn't for sale, which is a big draw for some of these biotechs. The chart looks broken now, and supply should be heavy, even as the stock is oversold certainly now. A weaker FANG-ish trend could send biotech down also, and I'd hate to be in a laggard already with no clear thesis.
Stocktrader
Hi Stocktrader,
Good luck with new ideas.....
Saleem
Hi Saleem,
I almost forgot about the weekly stats!
Performance: +0.63% (YTD: +28.20%)
Notable Winners: TDOC MU BAC TRIL WUBA COUP
Notable Losers: INCY X ORCL
Current portfolio (including today's trades): MU BAC ORCL NOW WUBA SPLK SWN HUBS IP FCX TDOC PETQ X COUP TRIL, cash 3.9%
It seems ever more important to be diversified these days as the market breaks out to new highs. I hope I've accomplished that well enough. I may add to some current positions tomorrow to utilize the rest of my cash.
Stocktrader
Hi Stocktrader,
Your YTD is most impressive..not surprising based on your stock picking skill.
My week was positive 2.89%...YTD is negative 18.02%.....
Saleem
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