Indices closed down.
S&P 500 @ 2677.67, low 2659.65, high 2730.89
RSI @ 43.55
CMF @ -0.142.
Internals were :
Down volume led by 1.76 to 1 in NYSE & 1.91 to 1 in Nasdaq
Declining stocks led by 1.47 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk lows were leading by 171 in NYSE & 66 in Nasdaq
VIX UP 13.20% @ 22.47...high today 25.30...52 wk high 50.30...
Oil @ $60.99
Gold @ $1305.20
AH news....SPLK UP 6.26%, AMBA UP 5.10%
OPK Down 16.67%, JWN Down 3.59%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under renewed selling pressure due to upcoming fear of trade war, market friendly image is being tarnished with Steel & aluminum tariffs being imposed on every country who are exporting those items. Dow was down a sharp 586 points @ low of the day but recovered a bit to down 420 points. Nasdaq went below 50 DMA but recovered to close above, it could easily go below and close there. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Bought MCHP @ 92.50
I think they paid a good price for a nicely accretive acquisition with good synergies.
Stocktrader
Hi Saleem,
Bought TWTR @ 31.67
This has become a company with resurgent momentum. I thought I'd take a chance on this market pullback.
Stocktrader
Hi Saleem,
Bought BAC @ 30.81
Buying back after this dip.
Stocktrader
Hi Stocktrader,
Very good moves on a down day....
Good luck with MCHP,TWTR & BAC.....
Saleem
Hi Saleem,
Bought X @ 43.61
It seems like the tariffs will indeed go through, and should benefit X the most. I'll use this dip to buy.
Stocktrader
Hi Saleem,
Bought TDOC @ 40.43
Heavy short interest, a new catalyst in the MSFT expanded collaboration, and chart breakout after a long base build could provide a nice upside here.
Stocktrader
Hi Stocktrade,
Good luck with X and TDOC.
Saleem
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