Indices closed down.
S&P 500 @ 2572.83, low 2568.25, high 2580.03
RSI @ 64.82
CMF @ 0.229
Internals were :
Down volume led by 1.73 to 1 in NYSE & 1.19 to 1 in Nasdaq
Declining stocks led by 1.55 to 1 in NYSE & 1.95 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 58 in Nasdaq
VIX UP 7.14% @ 10.50
Oil @ $54.15
Gold @ $1277.70
AH news...HLIT UP 15.25%, MDLZ UP 4.33%
VYGR Down 9.81%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE opened @ best level but quickly faded, Nasdaq made an Intraday new all time high. FANG continue to show strong UP moves and making new all time highs. SHOP reports before open, it will be interesting to see how market reacts to its earnings and guidance, will listen to its conference call. TAPE ended mostly negative, tax reform is changing its color and arrest and charges against a key political player rattled the market.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Last week:
Performance: -0.45% (YTD: +32.69%)
Notable Winners: SPLK HCLP ORCL TRIL BAC
Notable Losers: ACIA FCX PETQ TDOC MU
Although it was a mixed last week as many names rested, this week will be make or break for several which are reporting. After we get through earnings, it will be important to stick with the winners as they tend to glide up into year-end. Good luck to everyone! :)
Current portfolio: ORCL ACIA BAC FB MU NOW HCLP SPLK IP TDOC GPK TRIL FCX SCCO, cash 0.0%
Stocktrader
Hi Stocktrader,
Last week was a disaster for me...down 7.84%....ytd down 28.76%
Bought SHOP in pre market $110.05
Saleem
Hi Saleem,
SHOP should see 120 per earnings beat but it is bouncing a lot & mostly in red in pre-market. Are you listening to CC? Any news there?
Thanks,
Explorer
Hi Explorer,
No i did not listened to conference call, had to go for errands.
Reaction is negative so far....but it is off the lows.....
Saleem
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