Friday, June 8, 2018

Indices closed UP .14% to .31%....NICE !!!!

Indices opened lower but recovered quickly to close in green and @ high of the day. Internals were strong.Trade jitters will take its own course from tit for tat to conciliatory resolution, they call it art of diplomacy.

S&P 500 @ 2779.03, high 2779.39, low 2763.59

RSI @ 64.65

CMF @ 0.208

Internals were :

UP volume led by 2.10 to 1 in NYSE & 1.62 to 1 in Nasdaq

Advancing stocks led by 1.42 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new 52 wk highs were leading by 146 in NYSE & 137 in Nasdaq

VIX UP .41% @ 12.18

Oil @ $65.74

Gold @ $1302.70

Canadian $ @ .7040

Stocks which were UP 1% or more included BILI HUYA WB
SQ MOMO NTES EAF MU VICR SPLK CTRP JD AMD
SINA TWTR VRX CHK YELP WYNN ORCL OSTK
KORS KBH CMG......

In my portfolio :

Bought BZUN @ $61.12

Bought OLED @ $95.30

Bought NVDA @ $259.68

Here is my portfolio weighting :

NVDA     31.40%

WB         20.70%

BZUN     13.90%

CNQ       12.10%

HUYA     10.50%

BILI         8.50%

OLED      2.90%

Next post by 6 PM on Sunday 

BLOG does NOT give buy or sell.

Saleem

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