Thursday, February 1, 2018

Indices closed mixed.....

Indices closed mixed.

 S&P 500 @ 2821.98, low 2812.70, high 2835.96

 RSI @ 63.87

 CMF @ 0.240

 Internals were :

 UP volume led by 1.08 to 1 in NYSE & .81 to 1 in Nasdaq

 Advancing stocks led by .81 to 1 in NYSE & 1.01 to 1 in Nasdaq

 Net new 52 wk lows were leading by 50 in NYSE & 0 in Nasdaq

 VIX Down .52% @ 13.47

 Oil @ $65.80

 Gold @ $1347.90

 AH news...PI Down 26.90%, GOOG Down 2.12%
                 DATA UP 17.78%, AMZN UP 6.37%
                 AAPL UP 3.40%

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE was under pressure for 3 days due to rising interest rates, despite that, equities are behaving better than expected. Weak earnings report from FB & AAPL are being rewarded with positive action, this bodes well for equity market. Jobs report could be very strong, well ahead of consensus as last month was well below. This pause is very healthy for long term health of this bullish TAPE. There is only a closing BLOG on Friday's around 7 PM.

 BLOG does NOT give buy or sell.

 Saleem


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10 comments:

  1. stocktrader_1996February 2, 2018 at 6:31 AM

    Hi Saleem,

    Bought SPLK @ 92.2

    After DATA's lackluster earnings turned into a great price gain, I think SPLK is poised to do very well on a good report.

    Bought X @ 36.00

    I'm taking this opportunity to step in ahead of a potential tariff ruling on steel and an infrastructure bill.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996February 2, 2018 at 6:36 AM

    Hi Saleem,

    Used the rest of my cash to buy TNA @ 74.46

    Stocktrader

    ReplyDelete
  3. Stocks100February 2, 2018 at 6:39 AM


    Hi Stocktrader,

    Perfect day to buy good stocks....

    Good luck with SPLK, X & TNA......

    Saleem

    ReplyDelete
  4. josephFebruary 2, 2018 at 6:49 AM


    Hi Saleem and Stocktrader,

    Thank God I sold PI. It is always go with the winners. Falling knives can really hurt us.

    I also bought TNA @ 74.50.

    Good luck

    Joseph

    ReplyDelete
  5. Stocks100February 2, 2018 at 6:55 AM


    Hi Joseph,

    Good luck with TNA....

    Saleem

    ReplyDelete
  6. Stocks100February 2, 2018 at 7:11 AM


    Hi Stocktrader & Joseph,

    Sold LRCX @ $179.82

    Saleem

    ReplyDelete
  7. stocktrader_1996February 2, 2018 at 7:39 AM

    Hi Saleem,

    Good luck with your next pick!

    Stocktrader

    ReplyDelete
  8. josephFebruary 2, 2018 at 12:46 PM


    Hi Saleem and stocktrader,

    Added more TNA @ 71.60

    ReplyDelete
  9. Stocks100February 2, 2018 at 1:35 PM

    Hi Joseph,

    Good luck with more TNA.....

    Saleem

    ReplyDelete
  10. stocktrader_1996February 2, 2018 at 2:51 PM

    Hi Joseph,

    Good luck with more TNA.

    As usual with me, I called the top pretty well, but got back in way too early. At least this seems like it will be a sharp, but short, correction for now.

    Stocktrader

    ReplyDelete