Thursday, January 25, 2018

Indices closed mixed.......

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
at

11 comments:

  1. josephJanuary 26, 2018 at 6:37 AM


    Hi Saleem and Stocktrader,

    Sold IBM @ 166.10. Today is Friday, the market may pull back.

    Joseph

    ReplyDelete
  2. josephJanuary 26, 2018 at 6:45 AM





    Bought PI @ 21.20.

    Joseph

    ReplyDelete
  3. stocktrader_1996January 26, 2018 at 6:54 AM

    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

    ReplyDelete
  4. stocktrader_1996January 26, 2018 at 6:54 AM

    Hi Joseph,

    Good luck with the swap!

    Stocktrader

    ReplyDelete
  5. Stocks100January 26, 2018 at 7:05 AM


    Hi Joseph,

    Good luck with PI.

    Saleem

    ReplyDelete
  6. Stocks100January 26, 2018 at 7:05 AM


    Hi Stocktrader,

    Good luck wit your strategy!

    Saleem

    ReplyDelete
  7. josephJanuary 26, 2018 at 8:33 AM



    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

    ReplyDelete
  8. stocktrader_1996January 26, 2018 at 9:21 AM

    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

    ReplyDelete
  9. josephJanuary 26, 2018 at 9:50 AM


    Hi Stocktrader,

    Thanks for sharing your views.

    Joseph

    ReplyDelete
  10. Stocks100January 26, 2018 at 11:00 AM

    Hi Stocktrader,

    Started a tiny position in MOMO @ $29.90...

    Saleem

    ReplyDelete
  11. stocktrader_1996January 26, 2018 at 11:36 AM

    Hi Saleem,

    Good luck with MOMO again!

    Stocktrader

    ReplyDelete