Tuesday, April 17, 2018

Indices UP .87% to 1.74%....NICE !!!!

Indices closed UP.

S&P 500 @ 2706.39, high 2713.34, low 2692.05

RSI @ 55.34

CMF @ -0.136

Internals were :

UP volume led by 3.17 to 1 in NYSE & 3.02 to 1 in Nasdaq

Advancing stocks led by 2.73 to 1 in NYSE & 2.14 to 1 in Nasdaq

Net new 52 wk highs were leading by 71 in NYSE & 92 in Nasdaq

VIX Down 7.91% @ 15.25

Oil @ $66.52

Gold @ $1349.50

Stocks which were up 3% or more included BZUN FSLR MOMO SQ SPLK GOOG WB SHOP AMZN AMD LRCX NFLX ROKU SPWR TWTR NTNX CIEN TNA......

AH news...ISRG UP 3.92%, IBM Down 5.71%
                 LRCX Down 6.42%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE has resumed its strong bull run by climbing above 50 DMA. Majority of stocks including Chinese stocks participated in today's UP move. Except for CMF internals were strong and positive. LRCX earnings reaction was negative and may impact Chip Equipment makers in particular and chips in general.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Sold FDX @ 255.33 to take profits.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good move in booking profit in FDX.

Added 33% SNAP @ $14.68.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more SNAP!

Stocktrader