Monday, March 5, 2018

Indices closed UP 1.00% to 1.37%....NICE !!!!

Indices closed UP.

S&P 500 @ 2720.94, high 2728.09, low 2675.75

RSI @ 49.94

CMF @ -0.017

Internals were :

UP volume led by 4.86 to 1 in NYSE & 2.77 to 1 in Nasdaq

Advancing stocks led by 2.77 to 1 in NYSE & 2.20 to 1 in Nasdaq

Net new 52 wk highs were leading by 7 in NYSE & 94 in Nasdaq

VIX Down 4.39% @ 18.73

Oil @ $62.57

Gold @ $1319.90

Stocks which were UP 2% or more included BZUN CTRP FSLR SQ
FB NTES CSIQ EXPE GE GG LRCX MA MU NFLX QRVO
ROKU ALDR FNSR VRX CHK FEYE LNG TWTR TRIP
ULTA SWKS TNA CNX......

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was down 150 points in down @ open, then there was rethink on trade war thesis and indices started to improve and kept going up. Indices closed near best level of the day, Dow gained 330 @ close. Internals were positive in most stat. CMF is getting close to being positive. All in all a very positive action in US stock market.

BLOG does NOT give buy or sell.

Saleem

4 comments:

  1. Hi Stocktrader,

    Started a position in MOMO @ $33.88

    Saleem

    ReplyDelete
  2. Hi Saleem,

    Good luck with MOMO!

    Stocktrader

    ReplyDelete

  3. Hi Stocktrader,

    Sold SQ @ $49.00

    Added 200% MOMO @ $33.60

    Saleem

    ReplyDelete

  4. Hi Stocktrader,

    Added 75% SNAP @ $18.10

    Saleem

    ReplyDelete