Wednesday, May 16, 2018

Indices closed UP .25% to .63%...NICE !!!!

Indices closed UP.

S&P 500 @ 2722.46, high 2727.76, low 2712.17

RSI @ 59.08

CMF @ 0.147

Internals were :

UP volume led by 2.12 to 1 in NYSE & 1.94 to 1 in Nasdaq

Advancing stocks led by 1.92 to 1 in NYSE & 1.95 to 1 in Nasdaq

Net new 52 wk highs were leading by 99 in NYSE & 88 in Nasdaq

VIX Down 8.27% @ 13.42

Oil @ $71.49

Gold @ $1288.80

Stocks which were UP 1% or more included MU SQ BIDU
INTC SPLK OLED AMD CSIQ EXPE AMAT FCX JKS
LRCX LULU QRVO ROKU TECK TSM VRX CHK
RIG YELP HUYA WYNN MLNX FNSR KORS
NKE CMG AAL X M .....

AH News....NTES Down 6.54%, HUYA UP 2.76%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong despite higher yield and tension with North Korea. Market closed near high of the day, Many technology stocks participated in today's positive close. Higher bond yield has been discounted by participants as fact of life going forward. Get exposure to stocks which are performing well, semiconductor stocks are doing just that.Small caps are @ new all time high.

BLOG does NOT give buy or sell.

Saleem

5 comments:

Stocks100 said...

Hi Stocktrader,

Bought a small position in HUYA @ $23.50

Saleem

stocktrader_1996 said...

Hi Saleem,

Trimmed HUYA @ 23.49
Trimmed BILI @ 14.30

After massive runs, some profit taking was warranted for me, especially as they became much larger parts of the portfolio.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Good luck with the HUYA starter position.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold BZUN @ $53.20

Added 100% HUYA @ $19.90

Saleem

Stocks100 said...


Hi Stocktrader,

Bought NTES @ $247.00

Saleem