Indices closed mixed.
S&P 500 @ 2786.85, high 2789.80, low 2778.78
RSI @ 66.09
CMF @ 0.205
Internals were :
UP volume led by 1.15 to 1 in NYSE & 2.30 to 1 in Nasdaq
Advancing stocks led by .98 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 160 in NYSE & 176 in Nasdaq
VIX Down -0.08% @ 12.34
Oil @ $66.70
Gold @ $1299.40
Stocks which were UP 2% or more included BZUN
PANW SQ FSLR SHOP LULU SPWR TSLA
TWTR NTNX TRIP OSTK KORS KBH.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was neutral today and closed mixed, Nasdaq made a new all time closing high. Internals were mostly positive. All eyes are fixated on 2 PM Fed announcement of .25% rate hike, then guessing game starts for how many more. Economy is in good shape so rate increase will be taken as positive.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Stocktrader,
Sold CNQ @ $33.15
Bought BZUN @ $65.50
Saleem
Hi Saleem,
Sold TPIC @ 25.90
It isn't acting the way I'd hoped after purchasing. I wonder if the suddenly cheap price of solar may affect wind deployments also.
Stocktrader
Hi Saleem,
Good luck with the swap.
Stocktrader
Hi Saleem,
Sold CHK @ 4.77
Looking back, I really messed up the entry on this stock, buying right after a big run and heading into resistance. It clearly didn't have any energy left to make the breakout this time. I'll step back to the sidelines and wait to see how things develop.
Stocktrader
Hi Saleem,
Bought IOVA @ 13.45
After hoping for a dip all morning, I had to just buy now. Analysts remain bullish on the stock, maybe more so, after the recent declines. This is the old LBIO which I invested in years ago. They got a new CEO and rebranded themselves and are having much better success now.
Stocktrader
Hi Saleem,
Bought KIDS @ 24.55
A stock I forgot about for too long, it is establishing a highly recognizable and lasting brand within child orthopedics. Even though a secondary might be imminent, I don't want to mess around with guessing on a buy point.
Stocktrader
Hi Stocktrader,
Good luck with IOVA & KIDS.
Saleem
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