Indices closed down.
S&P 500 @ 2612.62, low 2596.12, high 2674.78
RSI @ 37.80
CMF @ -0.156
Internals were :
Down volume led by 3.31 to 1 in NYSE & 4.89 to 1 in Nasdaq
Declining stocks led by 2.13 to 1 in NYSE & 3.36 to 1 in Nasdaq
Net new 52 wk lows were leading by 100 in NYSE & 34 in Nasdaq
VIX UP 6.99% @ 22.50
Oil @ $65.25
Gold @ $1342.00
AH news...LULU UP 6.53%, TRIP Down 3.3%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE did a reversal which surprised most traders. TAPE is very tricky to read, one day it is running UP 500 and very next day losing 500 from high, not a good trading environment or swing trading. Market is worried about many things including trade war, White House turmoil due to many departures and investigation. Conviction and patience with better behaving stocks is the answer until above plays out.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Bought SPLK @ 98.78
Stocktrader
Hi Stocktrader,
Good luck with SPLK....$3 cheaper than sell....
Saleem
Hi Saleem,
Sold SPLK @ 104.88 right before Monday's close actually. I probably bought back too early as is common with me on my favorite stocks, but I still have one more stock to rebuy eventually here. It will be either NVDA or MU--I haven't quite decided yet.
Stocktrader
Hi Saleem,
Bought MU @ 51.95
Stocktrader
Hi Stocktrader,
Good luck with MU...it is looking stable here.....
Saleem
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