Indices closed UP.
S&P 500 @ 2585.64, high 2590.09, low 2572.95
RSI @ 59.31
CMF @ 0.295
Internals were :
UP volume led by 2.52 to 1 in NYSE & 4.56 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 107 in Nasdaq
VIX Down 10.43% @ 11.76
Oil @ $55.14
Gold @ $1278.20
Stocks which were UP 2% or more included BIDU CTRP SHOP
WB SQ BABA NTES JD BZUN OLED MOMO TWTR
SINA CIEN SPLK ULTA OPK LRCX.....
AH news...SCVL UP 20.89%, SPLK UP 13.59%
PXLW Down 5.13%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP.
About market, TAPE was all fired UP on good earnings report and then came the word of house passing tax reform. Indices closed near high of the day and Nasdaq made a new all time closing high. Internals turned around completely and was positive in every category. This was a major change in direction. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold FB @ 179.72 to raise cash.
I'm not sure there's much upside left and I want the available funds for opportunities.
Stocktrader
Hi Saleem,
Bought SAIL @ 14.07
It looks like a promising IPO and cheap compared to peers.
Stocktrader
Hi Stocktrader,
Good luck with SAIL.....
Saleem
Hi Saleem,
Added a bit more to SAIL @ 13.56
I think it is suffering from a large chunk offered and the Friday doldrums. Valuation seems very good here.
Stocktrader
Hi Saleem,
Added a bit more to OPTN @ 15.94
Maybe I'm a fool here, but some of these stocks are just too beaten down recently in the recent risk-off environment.
Stocktrader
Hi Stocktrader,
FOOL...you are definitely NOT.....
IF it makes sense, buy it...is your mantra.....
Good luck with more more OPTN.
Saleem
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