Monday, April 30, 2018

Indices closed down .61% to .82%.....

Indices closed down.

 S&P 500 @ 2648.05, low 2648.04, high 2682.92

 RSI @ 46.74

 CMF @ -0.022

 Internals were :

 Down volume led by 2.54 to 1 in NYSE & 2.74 to 1 in Nasdaq

 Declining stocks led by 1.73 to 1 in NYSE & 1.99 to 1 in Nasdaq

 Net new 52 wk highs were leading by 59 in NYSE & 15 in Nasdaq

 VIX UP 3.37% @ 15.93

 Oil @ $68.57

 Gold @ $1319.20

 AH news ...NTRI UP 12.07%, CGNX Down 15.58%
                   ARAY Down 8.00%

 AH Futures UP

 AH Asian Markets UP

 AH Oil UP

 AH Gold Down

 About market, TAPE reversed and closed @ low of the day, sell the rally seems to be @ play, this reversal does not bode well for the health of this market. AAPL reports after close on Tuesday, that report may change the tone of this market IF it is not that bad as expected. We have churned for a while and it may have a climactic slump and then reverse to retain health of this TAPE.

 BLOG does NOT give buy or sell.

 Saleem
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10 comments:

  1. stocktrader_1996May 1, 2018 at 6:30 AM

    Hi Saleem,

    Sold VRNS @ 65.59

    Even though they told a pretty good story and are probably being conservative, I was expecting more momentum in guidance from recent data protection developments, especially given the relatively high valuation for a niche player. In an environment where I am uncertain, I need to sell the stocks I am not highly convicted on.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996May 1, 2018 at 6:35 AM

    Hi Saleem,

    Bought YY @ 94.67

    Coming back to this name after it's showed some signs of life. I really like their Huya division that is a Chinese version of Twitch.

    Stocktrader

    ReplyDelete
  3. Stocks100May 1, 2018 at 6:38 AM


    Hi Stocktrader,

    Good luck with YY.

    Saleem

    ReplyDelete
  4. stocktrader_1996May 1, 2018 at 6:41 AM

    Hi Saleem,

    Bought FSLR @ 70.11

    A good long term story on discount?

    Stocktrader

    ReplyDelete
  5. Stocks100May 1, 2018 at 6:55 AM


    Hi Stocktrader,

    Good luck to you & me with FSLR...

    Saleem

    ReplyDelete
  6. stocktrader_1996May 1, 2018 at 7:10 AM

    Hi Saleem,

    Bought MTCH @ 46.91

    With a chart consolidating near the highs, and massive short interest, I wanted to step into a longer term story.

    Stocktrader

    ReplyDelete
  7. stocktrader_1996May 1, 2018 at 7:54 AM

    Hi Saleem,

    Sold EBS @ 52.02

    Even though I think it will be a "beat and raise" quarter, I'm not sure on the longer term story nor how valuation might play out here. I'm stepping to the sidelines.

    Stocktrader

    ReplyDelete
  8. Stocks100May 1, 2018 at 8:24 AM


    Hi Stocktrader,

    Good luck with MTCH.....

    Saleem

    ReplyDelete
  9. stocktrader_1996May 1, 2018 at 10:30 AM

    Hi Saleem,

    Well...that was bad timing, lol!

    Stocktrader

    ReplyDelete
  10. Stocks100May 1, 2018 at 10:44 AM


    Hi Stocktrader,

    Just saw that after your note......

    Saleem

    ReplyDelete