Monday, May 21, 2018

Indices closed UP .54% to 1.21%....NICE !!!!

Indices closed UP.

S&P 500 @ 2733.01, high 2739.19, low 2725.70

RSI @ 60.50

CMF @ 0.154

Internals were :

UP volume led by 2.52 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 2.42 to 1 in NYSE & 1.59 to 1 in Nasdaq

Net new 52 wk highs were leading by 211 in NYSE & 175 in Nasdaq

VIX Down 2.53% @ 13.08

Oil @ $72.24

Gold @ $1290.90

Stocks which were UP 1% or more included MU SQ FSLR NXPI
INTC OLED JD GOOG BABA CSIQ JKS SPWR FFIV LRCX
LVS MSFT NFLX QRVO SPWR TSLA TSM TWTR CHK
WYNN FNSR ORCL CRUS KORS AAL M PANW CNX...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was higher on relief rally due to thaw in trade with China. Internals were positive. Dow was strong and Russell made another all time high. Many sectors were strong which had China linkage. Tuesday will be more of a non news driven market. 

BLOG does NOT give buy or sell.

Saleem

7 comments:

Stocks100 said...


Hi Stocktrader,

Bought MOMO @ $39.64

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the all-China portfolio!

Stocktrader

Stocks100 said...


Hi Stocktrader,

You made me aware of all China part......i look @ stocks as stock only....

Probably...this is a first for me....

Saleem

Stocks100 said...


Hi Stocktrader,

Do you know what the expectations are for BILI...yahoo has no info.....also what time is earnings tomorrow AM or PM....

Thanks,

Saleem

Stocks100 said...


Hi Stocktrader,

Just learned earnings is after close...

Saleem

stocktrader_1996 said...

Hi Saleem,

I can't find published estimates for BILI yet either, but I know three analysts initiated coverage post-IPO. Generally these initial estimates are very conservative, so I'm expecting a "beat" on these phantom expectations haha :)

Stocktrader

Stocks100 said...


Hi Stocktrader,

Thanks...we will know after close Wednesday....

Good luck to you !

Saleem