Indices are higher after back door channel is actively working to resolve trade dispute with China, this is a huge relief to tweets and blame game with trading partners.
S&P 500 @ 2628.23, high 2639.26, low 2601.81
Internals are positive by 2 to 1 average.
Oil down 32 cents
Gold up $4.60
Canadian $ up 12 tick @ .7121
VIX down 8.77% @ 22.69
Portfolio BZUN CTRP FSLR MU NVDA SNAP
Most stocks are UP
@ 1.54 PM following are red :
MU SNAP FB GOOG MOMO SHOP NTES CNQ
AMD EXPE PCLN TSLA RIG LNG FNSR OSTK
KBH.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold SPLK @ 104.88
Sold MU @ 55.40
Sold TWTR @ 31.94
I think technology stocks need a rest here after a spectacular run in recent months. I said I wasn't going to try and make a trading call, but here I go...probably will be wrong lol.
Bought FDX @ 240.00
After some of these trade tensions look like they may turn from a negative into a neutral or positive (given the South Korea new deal and China olive branch), FDX should have room to run after a good quarter just reported. I tried to get into this trade all day, but didn't know what to sell...
Stocktrader
Hi Stocktrader,
Good luck with FDX & your new found buying power....
Saleem
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