Tuesday, March 6, 2018

Indices closed UP .04% to .56%...NICE !!!!

Indices closed UP.

 S&P 500 @ 2728.12, high 2732.08, low 2711.26

 RSI @ 50.96

 CMF @ 0.067

 Internals were :

 UP volume led by 1.85 to 1 in NYSE & 1.91 to 1 in Nasdaq

 Advancing stocks led by 2.24 to 1 in NYSE & 1.87 to 1 in Nasdaq

 Net new 52 wk highs were leading by 55 in NYSE & 110 in Nasdaq

 VIX Down 1.98% @ 18.36

 Oil @ $62.60

 Gold @ $1335.20

 Stocks which were UP 2% or more included BZUN FSLR MOMO
NVDA WB NTES BABA AMAT FCX GG KGC LRCX LULU 
MU NFLX SINA FNSR LNG CIEN AEM SPLK TNA....

 In my portfolio AH Sold BZUN @ $46.80

 Portfolio CTRP FSLR MOMO SNAP

 AH news...FORM UP 6.29%, DRH UP 8%
                  BZH Down 6.14%

 AH Futures Down

 AH Asian Markets Mixed

 AH Oil Down

 AH Gold UP

 About market, TAPE was all over the place on tariff debate. After close Gary Cohn's resigns as top Trump's economic adviser, this news is expected to rattle Wall Street as he was voice of Wall Street being Chief from Goldman Sachs. Slump in market on Wednesday may give some buying opportunities.

 BLOG does NOT give buy or sell.

 Saleen
        
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12 comments:

  1. Stocks100March 7, 2018 at 5:26 AM

    Hi Stocktrader,

    Bought NVDA in pre-market @ $239.01

    Saleem

    ReplyDelete
  2. stocktrader_1996March 7, 2018 at 6:06 AM

    Hi Saleem,

    I've been eyeing NVDA this week also. It seems like a good entry time.

    Stocktrader

    ReplyDelete
  3. josephMarch 7, 2018 at 6:13 AM


    Hi Saleem,

    Well done with BZUN and MOMO. Let us hope market will shake off Cohn's departure.
    Good luck.

    Joseph

    ReplyDelete
  4. Stocks100March 7, 2018 at 6:20 AM


    Hi Joseph,

    Thanks for your comment, by close we should be OK.

    Saleem

    ReplyDelete
  5. stocktrader_1996March 7, 2018 at 6:33 AM

    Hi Saleem,

    Sold MCHP @ 95.92 to take profits.

    Their guidance announced in conjunction with the acquisition seems to indicate positive momentum is slowing somewhat. I think the run-up after the buyout news partially or mostly incorporates the synergies, and therefore I'm skeptical of how much upside is left.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996March 7, 2018 at 6:38 AM

    Hi Saleem,

    Joined you in NVDA @ 240.95

    I think the chart has rested for a while which provides upside potential.

    Stocktrader

    ReplyDelete
  7. Stocks100March 7, 2018 at 6:44 AM


    Hi Stocktrader,

    Good luck with NVDA.....

    Saleem

    ReplyDelete
  8. josephMarch 7, 2018 at 7:36 AM


    Hi Saleem and stocktrader,

    Sold TNA @ 73.30.

    Joseph

    ReplyDelete
  9. stocktrader_1996March 7, 2018 at 7:38 AM

    Hi Joseph,

    Amazing trade on TNA. Well done! :)

    Stocktrader

    ReplyDelete
  10. Stocks100March 7, 2018 at 7:52 AM

    Hi Joseph,

    Nice trade on TNA....

    Saleem

    ReplyDelete
  11. josephMarch 7, 2018 at 8:24 AM


    Hi Saleem and Stocktrader,

    Thanks for your encouraging words. I need to learn a lot about stock market.

    Miles to go before I sleep and miles to go before I sleep...

    Joseph

    ReplyDelete
  12. Stocks100March 7, 2018 at 8:35 AM


    Hi Joseph,

    We are all learning about this ever changing markets daily, welcome to the learning club.

    Saleem

    ReplyDelete