Monday, April 16, 2018

Indices closed UP .70% to .87%....NICE !!!!

Indices closed UP.

S&P 500 @ 2677.84, high 2686.49, low 2665.16

RSI @ 51.75

CMF @ -0.161

Internals were :

UP volume led by 2.79 to 1 in NYSE & 1.46 to 1 in Nasdaq

Advancing stocks led by 2.69 to 1 in NYSE & 1.82 to 1 in Nasdaq

Net new 52 wk highs were leading by 23 in NYSE & 52 in Nasdaq

VIX Down 4.88% @ 16.56

Oil @ $66.22

Gold @ $1350.70

Stocks which closed green included AAPL GOOG BIDU
WB AMZN BABA AMD EBAY EXPE AMAT FCX
LULU LVS MSFT ROKU SINA V YUM RIG LNG
FEYE YELP WYNN GS TRIP MGA MS AEM
ULTA TNA KBH CMG IBM AAL M PANW....

AH news LLNW UP 4.84%, NFLX UP 5.17%
                ROKU UP 5.84%

AH Futures UP

AH Asian markets Mixed

AH Oil & Gold UP

About market, TAPE started higher right @ open and stayed UP until close, it attempted to take out 50 DMA by Dow and S&P 500 but it fell short by close. Many stocks participated in today's UP move, even some Chinese stocks came to life.Hopefully we take out 50 DMA tomorrow.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold KIDS @ 20.01 to take profits

I didn't really have a long term plan when I bought this stock as it was merely a move on an analyst call that seemed independently interesting during a time when the market was really choppy and uncertain. A 40%+ move in just a few short weeks all while the lockup expiration from the IPO makes me nervous to hold for now. I'll step to the sidelines and monitor for a longer term positioning.

Bought NSP @ 74.39

Again, scraping the 52-wk high list yesterday put me onto this stock. A combination of a great unstretched chart, good valuation given the growth, recent earnings beats, and a growing industry/story makes me interested here.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with NSP...

Saleem