Indices closed mixed.
S&P 500 @ 2773.87, low 2757.12, high 2774.99
RSI @ 60.23
CMF @ 0.236
Internals were :
UP volume led by 1.42 to 1 in NYSE & 1.27 to 1 in Nasdaq
Advancing stocks led by 1.20 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & 148 in Nasdaq
VIX UP 2.75% @ 12.31
Oil @ 465.85
Gold @ $1280.10
Stocks which were UP 1% or more included BILI HUYA IQ
SOGO SQ CNQ VICR SHOP SPLK FB GOOG AMD JKS
LULU LVS ROKU SPWR SU TSLA NTNX CHK TK RIG
LNG YELP FSLR WYNN TRIP OSTK KORS CMG M...
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE started 250 Dow points lower but closed mixed with Nasdaq showing green, this is all about trade war jitters. Tonight we have another $200 billion worth of Tariff @ 10% duty against Chinese goods being proposed by US, this is reaching beyond any rationale thinking. Futures are taking a hit BUT it is just a proposal. I see the same pattern as today, open sharply lower then recovery.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteSold APPN @ 42.3
Sold OKTA @ 54.17
Taking profits.
Stocktrader
ReplyDeleteHi Stocktrader,
Good moves, good luck with next picks!
Saleem
Hi Saleem,
ReplyDeleteBought PLT @ 76.14
With their recent acquisition, earnings power has increased nicely.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with PLT....
Saleem
Hi Saleem,
ReplyDeleteBought PYPL @ 84.84
I was hoping for a better entry after researching this yesterday, but I guess now is as good a time as any. It really represents a core idea of the "new economy" despite some valuations concerns. I'll try my luck here.
Stocktrader
Hi Saleem,
ReplyDeleteBought HUYA @ 44.74
I decided to just buy this back after selling yesterday ~$3 higher. It may have more downside, but it's a core idea for me going forward. In that light, it's hard to mess around with what price is "right".
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with PYPL and HUYA....
Saleem