Indices closed UP.
S&P 500 @ 7713.06, high 7714.37, low 2697.77
RSI @ 72.54
CMF @ 0.016
Internals were :
UP volume led by 1.63 to 1 in NYSE & 1.96 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 194 in NYSE & 224 in Nasdaq
VIX Down 6.35% @ 9.15
Oil @ $61.63
Gold @ $1318.50
Stocks which were UP 2% or more included MRVL SHOP SQ
TRIL BZUN NVDA AMD OLED SNAP MU VRX UA
LEN EBAY PCLN TWLO FNSR TK RIG FEYE OPK
LTEA ORCL TEUN OSTK ULTA KBH CMG.....
AH news TSLA Down 2.07%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE continued its bull run and Dow made a new intraday all time high. Indices closed near high of the day. Internals were strong. Market ignored provocative tweet regarding North Korea and went about its business of making new all time high. Fed minutes acknowledged the benefit of new Tax table, which will benefit US GDP. with higher growth.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem and stocktrader,
Sold AKS @ 6.50 with some profit. I also sold half of SWN @ 6.00 for a loss. I have been holding these stocks for sometime. Buying more of these stocks at a lower prices helped me to minimize the loss. Still lost my money and time. A lesson to learn.
Good luck to everyone.
Joseph
Hi Joseph,
The under-$10 stocks are very hard to time and play correctly. I looked back at my trades on both those stocks last year and I also had mixed results.
Good luck with any new picks! :)
Stocktrader
Hi Joseph,
This is a market of momentum stocks wherever it exists, it comes and goes also on same stock.
Extremely fast moving TAPE, IF you are in it, you have gains or else you are stuck with stocks which do not move.
Good luck with your next pick and strategy.
Saleem
Hi Saleem and stocktrader,
It is always good to go with winners with momentum. Last year was very strong bull market and if we have not made money then we have made errors. Let us hope for a better year in 2018.
Thanks for sharing your trades. Good luck.
Joseph
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