Thursday, June 7, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2770.37, low 2760.16, high 2779.90

RSI @ 63.11

CMF @ 0.199

Internals were :

UP volume led by 1.13 to 1 in NYSE & .85 to 1 in Nasdaq

Advancing stocks led by 1.14 to 1 in NYSE & .79 to 1 in Nasdaq

Net new 52 wk highs were leading by 151 in NYSE & 247 in Nasdaq

VIX UP 4.21% @ 12.13

Oil @ $65.95

Gold @ $1303.00

AH early action.....ZUMZ UP 12.59%, CREE Down 3.5%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed mixed thanks to Dow 30 Industrial stocks. Internals were pretty good considering Nasdaq was weak. VIX could not muster a better jump than 4.21% @ close, net net positive for the bulls.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

ps...busy with some chores thus early closing BLOG.

Saleem

13 comments:

Stocks100 said...


Hi Stocktrader,

Bought NVDA @ $259.68 in pre-market.

Saleem

Stocks100 said...

Hi Stocktrader,

Bought BZUN @ $61.12 in pre-market.

Saleem

stocktrader_1996 said...

Hi Saleem,

Great pickups!

Bought SFLY @ 95.88

I bought this stock thinking estimates were conservative given the recent merger, but an analyst upgrade didn't do much for the stock, so maybe the current price factors in all the potential positives. I sold to raise cash for a different idea eventually. Right now I am looking at potentially RUN or EXAS for purchase.

RUN could benefit tremendously from the anticipated drop in module prices given China's recent backing away from its subsidies and installation targets.

EXAS continues to find new drivers for growth including a recent recommendation by the cancer society for earlier colorectal screenings and great test results for a new liver cancer product.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Oops! I *sold* SFLY @ 95.88

Stocktrader

Stocks100 said...


Hi Stocktrader,

Bought a small position in OLED @ $95.30

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with OLED.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Your detailed thesis made it clear you sold SFLY to raise funds.....

Saleem

psrajpal said...

Hello Saleem and Stocktrader,

Hat's off to your inputs/thought and blog. China Stocks seem to be on steroid here.

Bought
Bili earlier today at 16.04
HUYA yesterday at 28.34
QD yesterday at 9.58

Good luck with your picks.

Thanks

Paramjeet

stocktrader_1996 said...

Hi psrajpal,

Very nicely done!

Good luck with future gains and picks!

Stocktrader

Stocks100 said...

Hi Paramjeet,

You are doing very well with your picks.

Welcome to BLOG....

Saleem

psrajpal said...

Thank you!

Sold QD @ 9.39
Bought EAF @ 19.81

EAF did hit 52 week high earlier today.

Paramjeet


stocktrader_1996 said...

Hi Paramjeet,

I noticed EAF as well as it was trading around $20 and bought some for a trading account I have separate from the retirement account I usually talk about here. I hope Monday brings good things :)

Stocktrader

Stocks100 said...


Hi Paramjeet,

Good luck with your portfolio and EAF.

Saleem