Tuesday, May 8, 2018

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2671.92,low 2655.20, high 2676.34

RSI @ 51.96

CMF @ 0.027

Internals were :

UP volume led by 1.12 to 1 in NYSE & 1.12 to 1 in Nasdaq

Advancing stocks led by 1.03 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 38 in NYSE & 64 in Nasdaq

VIX Down .27% @ 14.71

Oil @ $69.05

Gold @ $1313.70

In my portfolio in AH :

Sold SQ $53.35

Added 200% NXPI @ $99.20

AH news...TRIP UP 20.42%, ARMK UP 7.01%
                  EXTR Down 28.51%, AAOI Down 9.45%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed almost flat after going green and then lower until closing, another run to flat. Internals were positive. CMF is green which is  another positive. Iran sanction played a role in indecisiveness. Tonight earnings are mostly positive which should help sentiment in the morning.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Trimmed a little FDX @ 243.39

Bought COHU @ 22.38

Their acquisition announcement was a perfect business compliment with immediate accretion and nice synergies.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Was busy with shopping, Good luck with COHU...

Saleem