Indices closed UP.
S&P 500 @ 2663.99, high 2674.72, low 2653.83
RSI @ 49.85
CMF @ -0.218
Internals were :
UP volume led by 1.38 to 1 in NYSE & 2.42 to 1 in Nasdaq
Advancing stocks led by 1.20 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 52 in Nasdaq
VIX Down 8.65% @ 18.49
Oil @ $67.07
Gold @ $1341.90
Stocks which were UP 2% or more included BZUN NVDA SQ
SPLK OLED MU BAC AMD AMAT FFIV LRCX LVS VRX
SPWR ROKU NTNX FEYE WYNN GS MS OSTK CRUS
ULTA X.....
AH news....PHM UP 2.65%, AVGO UP 4.18%
Z Down 5.22%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE enjoyed another day of higher close on non-imminent strike on Syria, All indices are getting close to 50 DMA. Internals were mostly positive. Technology seems to be in vogue again which is a good thing. There is only a closing BLOG on Friday's around & PM.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold APPN @ ~25.90
This was basically just a takeover play for me. Barring that scenario, it could drop due to business model questions, valuations, and increased competition. I needed to free up cash for my next pick, so this was the odd man out.
Bought VICR @ ~30.88
A company poised for fresh success as they recently started supplying high-end processor components to the biggest players like NVDA GOOG IBM and others. Relatively unknown, it could really ramp higher.
Stocktrader
Hi Stocktrader,
As usual well thought out thesis.
Good luck with VICR.
Saleem
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