Indices closed UP.
S&P 500 @ 2723.07, high 2726.11, low 2704.54
RSI @ 60.76
CMF @ 0.126
Internals were :
UP volume led by 3.85 to 1 in NYSE & 2.22 to 1 in Nasdaq
Advancing stocks led by 2.66 to 1 in NYSE & 1.65 to 1 in Nasdaq
Net new 52 wk highs were leading by 243 in NYSE & 137 in Nasdaq
VIX Down 1.42% @ 13.23
Oil @ $71.36
Gold @ $1322.30
Stocks which closed 2% or more included BZUN FSLR MOMO
WB BIDU VICR MU NTES CSIQ AMAT FCX JKS LRCX
QRVO SINA TECK CHK RIG MGA AEM X......
AH news...NVDA Down 2.91%, YELP Down 4.61%
LLNW Down 5.56%, SYMC Down 19.33%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed near high of the day and internals were strong. This market is extremely stock specific with reaction to earnings based on merit. Small caps generally are faring much better than established names. Earnings are winding down and that leaves a vacuum in market until October which is a much desired earnings play for technology, July reports may not be all that strong. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Stocktrader,
Bought WB @ $111.00
Saleem
Hi Saleem,
I watched that one drop $20 on Wednesday, seems like a good buy!
Stocktrader
Hi Saleem,
I'll be trying to get some HUYA when it debuts this morning. I can hardly think of a more explosive growth market over the next 5-10 years than e-sports and viewing.
Stocktrader
Hi Stocktrader,
Good luck with HUYA.
Saleem
Hi Saleem,
Bought a speculative position in HUYA @ 16.15
It was definitely not the kind of price I wanted, but the story is too good to be picky about single dollars right now. I actually hope it continues to fade as the day progresses and I can buy more this afternoon.
Stocktrader
Hi Saleem,
Added to HUYA @ 15.63
I figure it has maybe one point of downside here with multiples of upside.
Stocktrader
Hi Stocktrader,
Good luck with HUYA.
Saleem
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