Tuesday, May 15, 2018

Indices closed down .68% to .81%......

Indices closed down.

S&P 500 @ 2711.45, low 2701.91, high 2718.59

RSI @ 57.06

CMF @ 0.120

Internals were :

Down volume led by 1.48 to 1 in NYSE & 1.32 to 1 in Nasdaq

Declining stocks led by 1.76 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new 52 wk lows were leading by 31 in NYSE & highs by 28 in Nasdaq

VIX UP 13.15% @ 14.63

Oil @ $71.00

Gold @ $1290.10

AH news...TEVA UP 4.68%, GOGO UP 5.19%
                 BOOT UP 9.97%, VSTM Down 11.07%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under mild selling pressure due to rising 10 year yield @ 7 year high of 3.08%, this is not unexpected and today it may have been discounted 3 or 4 interest rate hikes this year. Most stocks met severe pullback @ open but improved as the day came to an end. Expecting a positive day for Wednesday.

BLOG does NOT give buy or sell.

Saleem


6 comments:

Stocks100 said...

Hi Stocktrader,

Added 125% EAF @ $19.59

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more EAF.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold MHO @ 28.11

The housing trade has just not worked as rising financing, labor, and material costs have hurt both volumes and margins.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold MU @ $56.50

Saleem

Stocks100 said...


Hi Stocktrader,

Added 50% WB @ $103.40

Saleem

Stocks100 said...


Hi Stocktrader,

Added 40% BZUN @ $45.05.

Saleem