Wednesday, November 29, 2017

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2626.07, low 2620.32, high 2634.89

RSI @ 71.49

CMF @ 0.334

Internals were :

Down volume led by .60 to 1 in NYSE & 1.72 to 1 in Nasdaq

Declining stocks led by even in NYSE & 1.04 to 1 in Nasdaq

Net new 52 wk highs were leading by 233 in NYSE & 280 in Nasdaq

VIX UP 6.68% @ 10.70...high today 10.93.....pretty tame considering Nasdaq slump...

Oil @ $57.30

Gold @ $1287.30

Canadian $ @ .7151

In my portfolio :

Sold TSLA @ $312.25

Added 200% BZUN @ $27.83

Bought MOMO @ $25.48

Portfolio AMD BIDU BZUN CTRP MOMO SHOP

Stocks which closed green included MOMO
VRX GE SNAP BAC GS MS SBUX LEN
DNKN YUM FFIV CHK TKLNG AGU
MGA ULTA KORS NKE KBH CMG
AAL X M CNX.....

AH news....BOX Down 5.83%, LLNW Down 8.41%
                   JNPR UP 2.43%.....

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE had a split personality today, Dow & S&P 500 making new all time high but Nasdaq slumping 100 plus points. Major damage to all strong technology stocks including FANG & Chinese stocks. GDP report and Fed beige book was market friendly, only Dow got the real benefit.AH Chinese Manufacturing PMI came in better than expected @ 51.8 vs expectations of 51.4, that should help sentiment for Thursday's trading.

PS...was tied up in doing chores, missing 2 PM BLOG.

BLOG does NOT give buy or sell.

Saleem

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