Indices closed UP.
S&P 500 @ 2662.94, high 2668.84, low 2637.08
RSI @ 41.53
CMF @ 0.024
Internals were :
UP volume led by 1.19 to 1 in NYSE & 1.76 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & 31 in Nasdaq
VIX Down 2.50% @ 24.97
Oil @ $59.19
Gold @ $1330.40
Stocks which were UP 1% or more included
FSLR NVDA NTES SQ
WB MRVL TSLA BABA AAPL
JD SPWR MU TECK AMZN FCX LVS
MA LEN CSIQ SINA FFIV VECO TWLO
FEYE LNG TWTR CIEN BIDU WYNN TRIP
OSTK KORS AAL X M PANW CNX....
AH news....BIDU UP 5.15%, TWLO UP 6.28%
CMG UP 11.69%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its old bullish pattern of opening lower and closing near high of the day. TAPE has been UP 3 days in a row which is very healthy.Any pause will be a good reason to buy, tomorrow inflation numbers may put pressure on indices IF its hot, this may put interest rate hike back on Feds mind.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Sold TNA @ 64.17 to take profits
With today's hot inflation and cool retail sales, I wanted to take some "market risk" off the table, especially after a surprising bump this morning.
Stocktrader
Hi Stocktrader,
Profit is always desirable$$$$
Saleem
Hi Saleem,
Sold LRCX @ 178.37 to take profits
I realized while holding this position that semiconductor equipment is last year's story. I thought it best to step to the sidelines while I still have a small profit after riding the wave down and up.
Stocktrader
Hi Stocktrader,
Profit is profit$$$$
Saleem
Hi Stocktrader,
Added 75% SQ @ $41.70.
Saleem
Hi Saleem,
Good luck with more SQ!
Today is a very strange market--big currency and counterintuitive stock market moves. I am treading more carefully today until I can figure out what's the new theme, although still realizing that not much of this is affecting my specific stock stories.
Stocktrader
Hi Stocktrader,
TAPE has overcome inflation " shock " easily....which is a very good thing.....
Good luck with your next move$$$$$
Saleem
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