Indices closed down.
S&P 500 @ 2724.44, low 2721.88, high 2742.24
RSI @ 58.03
CMF @ 0.149
Internals were :
Down volume led by 1.52 to 1 in NYSE & .90 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 156 in NYSE & 136 in Nasdaq
VIX UP 1.07% @ 13.22
Oil @ $72.13
Gold @ $1292.00
Stocks which were UP 1% or more included BILI HUYA WB
MU CTRP BAC FCX LRCX MRVL TK SWKS X.....
AH news...CTRP UP 3.59%, URBN Down 2.21%
XLNX Down 2.33%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE opened green but quickly reacted to tweet from President Trump stating that he may not go to meeting with North Korea, further statement said that he is not happy with trade discussions with China, those were enough to erase any gain and we closed near low of the day, not a good way to end the day. This TAPE is extremely nervous about daily negative news on trade.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sold BAC @ 30.58
The repeal of Dodd-Frank regulations could turn out to be a slight negative for the big banks as their smaller peers can more effectively compete. Additionally, sluggish interest rates and slow lending (or maybe competition from alternative lending) is making it hard to see a catalyst for gains. I'd rather deploy the funds in something working better.
Stocktrader
Hi Saleem,
Added to EAF @ 19.62
Added to BILI @ 13.13
These positions were slightly underweight where I wanted them so I used some of the cash from the BAC sale to add. I really like EAF's market and positioning, and BILI could have a long runway for growth ahead.
Stocktrader
Hi Stocktrader,
Good luck with more EAF & BILI
BILI looks very interesting for tonight earnings.....
Saleem
Hi Stocktrader,
Added 50% BILI @ $12.98
Saleem
Hi Saleem,
Good luck with more BILI!
It should definitely be interesting tonight...
Stocktrader
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