Indices closed mixed.
S&P 500 @ 2839.25, high 2848.56, low 2830.94
RSI @ 83.24
CMF @ 0.399
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.19 to 1 in Nasdaq
Declining stocks led by 1.19 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 208 in NYSE & 182 in Nasdaq
VIX UP .96% @ 11.58
Oil @ $65.51
Gold @ $1362.90
Stocks which were UP 1% or more included CTRP FSLR NTES SQ
MOMO SHOP WB BABA ROKU TRIL BZUN NFLX JD SPWR
AMZN FCX JKS CSIQ DNKN GS YELP MLNX ULTA CELG
CMG.....
AH news....INTC UP 3.53%, SBUX Down 4.64%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE although closed mixed, but Dow managed to make a new all time high and closed @ new all time high. TAPE saw some selling when President Trump contradicted Treasury Secretary position of weak US dollar. Internals were weak today, which is a usual churning on some day. TAPE remains healthy which is confirmed by new highs in indices. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hi Saleem and Stocktrader,
Sold IBM @ 166.10. Today is Friday, the market may pull back.
Joseph
Bought PI @ 21.20.
Joseph
Hi Saleem,
Sold GM @ 43.31
I don't see a catalyst for the next leg of gains as EV won't be a driver of revenue for many, many years to come.
Stocktrader
Hi Joseph,
Good luck with the swap!
Stocktrader
Hi Joseph,
Good luck with PI.
Saleem
Hi Stocktrader,
Good luck wit your strategy!
Saleem
Hi Stocktrader,
I have been looking at IMMU. It has been growing steadily. Is it worth to buy (a small positionn)if the stock pulls back? Your views would be appreciated.
Joseph
Hi Joseph,
I'll try to look more at it over the weekend, but it's generally a good idea to buy a strong stock after a pullback to support. Sometimes biotech can really overstretch such that they consolidate for a long time after doubling though.
Stocktrader
Hi Stocktrader,
Thanks for sharing your views.
Joseph
Hi Stocktrader,
Started a tiny position in MOMO @ $29.90...
Saleem
Hi Saleem,
Good luck with MOMO again!
Stocktrader
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