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
10 comments:
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
Hi Saleem,
Used the rest of my cash to buy TNA @ 74.46
Stocktrader
Hi Stocktrader,
Perfect day to buy good stocks....
Good luck with SPLK, X & TNA......
Saleem
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
Hi Joseph,
Good luck with TNA....
Saleem
Hi Stocktrader & Joseph,
Sold LRCX @ $179.82
Saleem
Hi Saleem,
Good luck with your next pick!
Stocktrader
Hi Saleem and stocktrader,
Added more TNA @ 71.60
Hi Joseph,
Good luck with more TNA.....
Saleem
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
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