Indices closed down.
S&P 500 @ 2713.83, low 2713.54, high 2751.62
RSI @ 48.07
CMF @ -0.124
Internals were :
Down volume led by 4.48 to 1 in NYSE & 2.21 to 1 in Nasdaq
Declining stocks led by 2.55 to 1 in NYSE & 2.65 to 1 in Nasdaq
Net new 52 wk lows were leading by 88 in NYSE & 11 in Nasdaq
VIX UP 6.78% @ 19.65
Oil @ $61.64
Gold @ $1317.90
Stocks which closed green included SNAP SQ
JD BIDU SHOP AMZN CSIQ JKS EXPE
LULU MRVL MU NFLX SBUX SINA
TRIL TWTR YUM TRIP CRUS ULTA
M PANW CNX.....
AH news....MNST Down 6.11%, BOX Down 13.22%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold Down
About market, TAPE slumped in the last hour and closed @ low of the day, S&P 500 and Dow both closed below 50 DMA, Nasdaq is still above 50 DMA which gives some hope, IF history is any guide, then Nasdaq may join in going below 50 DMA also. It is very important to look @ your exposure in this environment, stay with high conviction stocks.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem and stocktrader,
Added TNA @ 64.90.
Joseph
Hi Joseph,
Good luck with more TNA.
Saleem
Hi Stocktrader and Joseph,
Sold NTES @ $ 291.00
Added 120% SNAP @ $17.30
Saleem
Hi Joseph,
Nice TNA add! I was very tempted this morning but passed because it looked more like a short term trade which I was trying to avoid.
Stocktrader
Hi Saleem,
Good luck with the swap!
Stocktrader
Hi Saleem,
Sold MOMO @ 33.23
This remains a "show me" story, so I'll use this opportunity to take profits as it has dropped back below the 200 DMA.
Stocktrader
Post a Comment