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


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6 comments:

  1. Stocks100May 16, 2018 at 7:11 AM

    Hi Stocktrader,

    Added 125% EAF @ $19.59

    Saleem

    ReplyDelete
  2. stocktrader_1996May 16, 2018 at 7:14 AM

    Hi Saleem,

    Good luck with more EAF.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996May 16, 2018 at 7:44 AM

    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

    ReplyDelete
  4. Stocks100May 16, 2018 at 8:28 AM


    Hi Stocktrader,

    Sold MU @ $56.50

    Saleem

    ReplyDelete
  5. Stocks100May 16, 2018 at 9:07 AM


    Hi Stocktrader,

    Added 50% WB @ $103.40

    Saleem

    ReplyDelete
  6. Stocks100May 16, 2018 at 9:12 AM


    Hi Stocktrader,

    Added 40% BZUN @ $45.05.

    Saleem

    ReplyDelete