Indices closed down.
S&P 500 @ 2727.76, low 2707.38, high 2731.97
RSI @ 58.15
CMF @ 0.176
Internals were :
Down volume led by 1.31 to 1 in NYSE & .80 to 1 in Nasdaq
Declining stocks led by 1.03 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 22 in NYSE & 64 in Nasdaq
VIX Down .40% @ 12.53
Oil @ $70.71
Gold @ $1304.40
Stocks which were UP 2% or more included BILI HUYA
MU BZUN VICR AMD GG ROKU......
In my portfolio :
Sold NTES @ $222.48
Added 250% MOMO @ $39.35...
MOMO reports before open on Tuesday, Monday markets are closed...here are the expectations :
Q 1 Sales $396.17 million, EPS .50 cents
Guidance Q 2 Sales $429.21 million, EPS 53 cents
Expecting a beat on Tuesday morning.....
AH news...MRVL UP 3.37%, NTNX Down 4.08%,
ROST Down 4.99%, ADSK Down 5.34%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was given not one but 2 jolt by US policy action, first auto tariff of 25% threat then cancellation of visit to Singapore in the middle of trading, Down tanked almost 300 points but indices fought back to highest level almost erasing all the losses, fractional loss on the day, a very good sign that market wants to go higher. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteGood luck with big MOMO!
Stocktrader
Hi Saleem,
ReplyDeleteBought RCL @ 106.78
I've kept my eye on this even as they have fallen on hard times of late. I think the customer spend is doing well, but fears of overcapacity and fuel costs have been holding it back. I think maybe we see relief on the fuel side, and overcapacity fears overblown, potentially putting the stock back in play.
Stocktrader
Hi Saleem,
ReplyDeleteSold BILI @ 14.17
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with RCL.
Saleem
Hi Saleem,
ReplyDeleteI sold BILI to take profits, and because I was uncomfortable with their very high percentage of gaming revenue which I think is less predictable and susceptible to significant up/down trends.
Stocktrader
ReplyDeleteHi Stocktrader,
It is always about comfort level with any stock...BILI or others, you did the right thing based on your analysis.
Saleem
Hi Saleem,
ReplyDeleteBought HAL @ 49.58
I think today is more of a panic sell than thoughtful price discovery. I'd been waiting to look for an entry, and I think there's a lot of catalysts that could drive oil back higher again including robust demand in the world and underinvested dyanmics for so many years now.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with HAL.
Saleem