Tuesday, January 23, 2018
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2839.13, high 2842.24, low 2830.59
RSI @ 83.93
CMF @ 0.449
Internals were :
UP volume led by 1.09 to 1 in NYSE & 2.12 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 265 in NYSE & 391 in Nasdaq
VIX UP .63% @ 11.10
Oil @ $64.47
Gold @ $1336.70
Stocks which were UP 1% or more included BIDU MARA MOMO
NVDA LRCX BABA BZUN NFLX AMD GE FB MU VRX GG
GOOG AMZN ABX KGC QRVO DNKN SU YUM FFIV PCLN
TWLO CHK FEYE LNG MGA DPW OSTK AEM SPLK IBM
KORS CELG NKE OPK X PANW
In my portfolio ...Sold BIDU @ $256.95
AH news...UAL Down 6.62%, TXN Down 6.85%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continued its momentum and made a new closing highs in Nasdaq & S&P 500, while Dow made an intraday high. I continued to trim my exposure today by selling BIDU, my exposure is only 17.15% currently and it may go down further based on RSI. New highs expanded further and CMF is near highest point in recent months. All in all a very healthy TAPE.
BLOG does NOT give buy or sell.
Saleem
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8 comments:
Hi Stocktrader,
Bought NTES in pre-market @ $336.00
Bought FSLR in pre-market @ $69.00
Saleem
Hi Stocktrader,
Bought SQ in pre-market @ $45.30
Saleem
Hi Saleem,
I'm looking to sell RCL and TNA at market open.
The earnings reports in the last 24 hours indicate elevated future capacity growth in many sectors. There's a number of looming factors for stocks that may signal a pause upcoming including incredibly stretched RSI and sentiment coupled with rising rates if these capacity concerns start to impact fundamentals.
Stocktrader
Hi Saleem,
Good luck with your purchases!
Sold TNA @ 81.39
Sold RCL @ 128.24
Stocktrader
Hi Stocktrader,
Good timing and profit in TNA and RCL.
Saleem
Hi Saleem and Stocktrader,
I should have sold CELG and IBM. Usually I sell stocks whenever I have profit. This time I said to myself, let me hold it.
Let us see where these stocks go from her.
Good luck.
joseph
Hi Joseph,
Good luck with selling on next leg UP.
Saleem
Hi Joseph,
There are no easy decisions anymore. Good luck with your next moves!
Stocktrader
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