Wednesday, March 21, 2018

Indices closed down .18% to .26%......

Indices closed down.

S&P 500 @ 2711.93, low 2709.79, high 2739.14

RSI @ 45.74

CMF @ -0.072

Internals were :

UP volume led by 1.48 to 1 in NYSE & 1.22 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new 52 wk low were leading by 72 in NYSE & highs by 45 in Nasdaq

VIX Down 1.87% @ 17.86

Oil @ $65.17

Gold @ $1321.50

Stocks which were UP 1% or more included SNAP
FSLR MOMO NTES ABX GG KGC AEM CNQ
AMD CSIQ AMAT FCX LEN LRCX SU TECK
TSLA VECO FNSR VRX CHK TK RIG LNG
FEYE TWTR MGA OSTK TNA KBH CMG..

In my portfolio, in after hour mostly :

Bought NVDA  @ $249, minutes before close.

Bought BZUN AH @ $50.45

Bought MU AH @ $61.18

Portfolio MU 34.90%, NVDA29.40%, BZUN 14.90%, CTRP 14.60%, SNAP 6.20% in terms of weighting

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE reacted to Fed policy announcement and rate hike of .25%, first by going UP 250 points on the up move and usual down move came and we lost all the gains and closed @ low of the day.Fed was extremely supportive of this market by confirming total of 3 hikes in 2018 and potential of 3 in 2019 due to faster growth in GDP. Thursday, we should see appreciation of Fed's balanced approach articulated clearly.

BLOG does NOT give buy or sell.

Saleem

3 comments:

Stocks100 said...


Hi Stocktrader,

Bought FSLR @ $72.20

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck on FSLR!

Bought BABA @ 188.30

Data points indicate a possible blowout quarter, and the stock is down 6% in just a week.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with BABA.

Saleem