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
10 comments:
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
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
Hi Stocktrader,
Good luck with YY.
Saleem
Hi Saleem,
Bought FSLR @ 70.11
A good long term story on discount?
Stocktrader
Hi Stocktrader,
Good luck to you & me with FSLR...
Saleem
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
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
Hi Stocktrader,
Good luck with MTCH.....
Saleem
Hi Saleem,
Well...that was bad timing, lol!
Stocktrader
Hi Stocktrader,
Just saw that after your note......
Saleem
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