Tuesday, June 26, 2018

Indices closed UP .12% to .39%....NICE !!!!

Indices closed UP.

S&P 500 @ 2723.06, high 2732.91, low 2715.60

RSI @ 43.76

CMF @ 0.128

Internals were :

UP volume led by 1.52 to 1 in NYSE & 1.30 to 1 in Nasdaq

Advancing stocks led by 1.52 to 1 in NYSE & 1.43 to 1 in Nasdaq

Net new 52 wk lows were leading by 44 in NYSE & highs by 15 in Nasdaq

VIX Down 8.14% @ 15.92

Oil @ $70.53

Gold @ $1259.90

Stocks which were UP 2% or more included BZUN HUYA IQ NEW
DQ BILI OLED CNQ MU FCX JKS LEN NFLX ROKU CHK
LNG KBH X M ......

In my portfolio ...Bought MOMO @ $45.45 in AH

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE staged a weak oversold bounce, Dow still below 200 DMA. We need a positive close on Wednesday in all indices to confirm that this bounce has legs. Chinese small caps made a strong comeback today. Technology as a whole were behaving much better which is a good thing.

BLOG does NOT give buy or sell.

Saleem

2 comments:

psrajpal said...

Hi Saleem,

Good entry on MOMO. I was keeping a close eye on MOMO, DBX and DOCU. DBX and MOMO seem to be reaching an attractive buy point.

Good Luck.

Paramjeet

Stocks100 said...


Hi Paramjeet,

Thanks for your best wishes for MOMO.

Saleem