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
        

12 comments:

Stocks100 said...

Hi Stocktrader,

Bought NVDA in pre-market @ $239.01

Saleem

stocktrader_1996 said...

Hi Saleem,

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

Stocktrader

joseph said...


Hi Saleem,

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

Joseph

Stocks100 said...


Hi Joseph,

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

Saleem

stocktrader_1996 said...

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

stocktrader_1996 said...

Hi Saleem,

Joined you in NVDA @ 240.95

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

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with NVDA.....

Saleem

joseph said...


Hi Saleem and stocktrader,

Sold TNA @ 73.30.

Joseph

stocktrader_1996 said...

Hi Joseph,

Amazing trade on TNA. Well done! :)

Stocktrader

Stocks100 said...

Hi Joseph,

Nice trade on TNA....

Saleem

joseph said...


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

Stocks100 said...


Hi Joseph,

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

Saleem