Wednesday, June 13, 2018

Indices closed down .11% to .47%.....

Indices closed down.

 S&P 500 @ 2775.63, low 2774.65, high 2791.47

 RSI @ 62.07

 CMF @ 0.144

 Internals were :

 Down volume led by 2.42 to 1 in NYSE & 1.05 to 1 in Nasdaq

 Declining stocks led by 1.99 to 1 in NYSE & 1.27 to 1 in Nasdaq

 Net new 52 wk highs were leading by 91 in NYSE & 181 in Nasdaq

 VIX UP 4.86% @ 12.94

 Oil @ $66.64

 Gold @ $1301.30

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil Down

 AH Gold UP

 About market, TAPE closed @ low of the day, Fed policy statement had one element of surprise, an extra hike this year and 3 in 2019. US economy and worldwide economy is showing robust growth thus interest rates needs to go UP all over. Chinese small caps are in overdrive and may need to cool off, keep an eye on RSI for relative valuation.

 BLOG does NOT give buy or sell.

 Saleem
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15 comments:

  1. explorerJune 13, 2018 at 7:52 PM

    Sold WTW before close @94.15

    ReplyDelete
  2. Stocks100June 14, 2018 at 5:40 AM


    Hi Stocktrader,

    Bought BILI @ $20.50

    Bought HUYA @ $39.62.....both in pre market.

    My finger is on sell button on these 2 stocks as they are overbought....

    Saleem

    ReplyDelete
  3. stocktrader_1996June 14, 2018 at 6:25 AM

    Hi explorer,

    Nice trade!

    Hi Saleem,

    Good luck with the high-flying Chinese gaming stocks!

    Stocktrader

    ReplyDelete
  4. explorerJune 14, 2018 at 6:42 AM

    Hi Saleem & Stocktrader,

    Sold WIX @ 102.60

    Thanks,
    Explorer

    ReplyDelete
  5. stocktrader_1996June 14, 2018 at 7:04 AM

    Hi explorer,

    Nice run and profits!

    Stocktrader

    ReplyDelete
  6. psrajpalJune 14, 2018 at 7:16 AM

    Hi Saleem,

    SOLD BILI @20.59

    BOUGHT IQ @35.11

    Current Holdings IQ, WU, SOGO, QD

    Best of Luck with your picks.

    Paramjeet

    ReplyDelete
  7. explorerJune 14, 2018 at 7:18 AM

    Hi Saleem & Stocktrader,

    Bought KSS on the pullback @73.40

    Thanks,
    Explorer

    ReplyDelete
  8. stocktrader_1996June 14, 2018 at 7:18 AM

    Hi explorer,

    Good luck with the new pick!

    Stocktrader

    ReplyDelete
  9. Stocks100June 14, 2018 at 7:50 AM


    Hi Explorer,

    Good luck with KSS.

    Saleem

    ReplyDelete
  10. Stocks100June 14, 2018 at 7:51 AM


    Hi Paramjeet,

    Good luck with IQ.....

    Saleem

    ReplyDelete
  11. stocktrader_1996June 14, 2018 at 8:52 AM

    Hi guys,

    When I started buying BILI around $10, I almost bought IQ at $18 along with it but didn't want to get that concentrated and speculative in the Chinese internet space (having BABA and YY already at the time). These stocks sure have had some crazy runs!

    Stocktrader

    ReplyDelete
  12. Stocks100June 14, 2018 at 10:20 AM


    Hi Stocktrader,

    Hopefully you will not write a similar message 6 months from now quoting today's prices......thing do move fast in some sectors.....

    I still remember selling GOOG @ $170 area ..saying it does not have room to run.....

    Saleem

    ReplyDelete
  13. psrajpalJune 14, 2018 at 11:11 AM

    SOLD QD @9.36
    BOUGHT SOGO @13.01

    Chinese stocks are in serious overdrive. Every dip is bringing new buyers/funds and the stocks are hitting higher highs.

    Good Luck to all.

    Paramjeet

    ReplyDelete
  14. stocktrader_1996June 14, 2018 at 11:26 AM

    Hi Paramjeet,

    The first true down day is going to be severe for these stocks given the massive overbought conditions now. We'll also probably start to see some separation in ideas/flows when they all stop moving exactly together. For now though, the party continues.

    Stocktrader

    ReplyDelete
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    ReplyDelete