Indices closed UP.
S&P 500 @ 2614.45, high 2619.14, low 2575.49
RSI @ 41.65
CMF @ -0.143
Internals were :
UP volume led by 4.78 to 1 in NYSE & 1.84 to 1 in Nasdaq
Advancing stocks led by 2.96 to 1 in NYSE & 1.86 to 1 in Nasdaq
Net new 52 wk lows were leading by 78 in NYSE & 69 in Nasdaq
VIX Down 10.67% @ 21.10
Oil @ $63.51
Gold @ $1337.30
Stocks which were UP 1% or more included MOMO NVDA
HAL AAPL MU AMZN CNQ SU DNKN AMAT FCX FFIV
LRCX LULU MRVL MSFT NFLX QRVO SBUX RECK
TSLA VRX TK RIG FEYE LNG YELP GS TRIP MLNX
MGA MCD SWKS KORS TNA TSM NKE CMG AAL
X PANW CNX.....
AH news....PLAY Down 6.78%, INVA Down 8.55%
EDAP UP 13.27%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE struggled most of the day but in the end indices closed near high of the day. We need to see a confirmation of this positive close with a positive close on Wednesday. Internals were mostly strong. S&P 500 closed above 200 DMA which makes all indices Dow & Nasdaq staying above 200 DMA.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Added to BABA @ 168.66
Prior to this whole tech mess, their data points were signaling a very above consensus quarter. I'm going back to that thesis and trying to pick up some cheap shares.
Stocktrader
Hi Saleem,
Also added a little YY @ 103.27
Some names I've been looking at for purchase have rallied so much in the last 2 hours. It's hard to know what to do now...
Stocktrader
Hi Saleem,
Bought MU @ 51.92
Although I think the next earning revision for this company will be lower, the street is only focusing what was already reported and the low valuation. I think there's room to move higher here given the relative strength.
Stocktrader
Hi Saleem,
Bought APPN @ 26.66
Tech is back and this stock has been showing great relative strength.
Stocktrader
Hi Saleem,
Sold EMN @ 101.60
Recent downward revisions for next year due to some increased capacity, combined with tariffs announced last night by China on ethylene glycol (not related to the US-China spat), makes for an uncertain earnings picture.
Bought SPLK @ 97.95
Tech.
Bought small EXAS @ 39.89
Some analyst upgrades in recent days combined with deeply oversold conditions might set this up for a nice bounce.
Stocktrader
Hi Stocktrader,
Good luck with MU SPLK more BABA APPN and EXAS...
Saleem
Hi Stocktrader,
Good luck with more YY.
Saleem
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