Indices closed UP.
S&P 500 @ 2716.31, high 2724.34, low 2691.94
RSI @ 43.69
CMF @ 0.111
Internals were :
UP volume led by 1.84 to 1 in NYSE & 1.81 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 205 in NYSE & 88 in Nasdaq
VIX Down 5.92% @ 16.85
Oil @ $73.45
Gold @ $1251.00
Stocks which were UP 2% or more BZUN HUYA IQ NVDA
SQ MOMO BILI OLED FSLR MS CTRP AMZN AMD
CSIQ JKS MA TWTR VRX NTNX ALDR MLNX
FNSR OSTK.....
AH ER...NKE UP 10.18%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE staged a very weak oversold bounce, internals were mixed. There was very little conviction in today's move. As long weekend in Canada approaches and 4th of July holiday in USA, there is lack of interest in equities, these low participation days in a weak market leads to more down moves. we need to close positive in all indices for Friday's to have some comfort, that technicals are being repaired, talking of technicals Dow still below 200 DMA 4 day's in a row a rarity. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hi Stocktrader,
Bought BIDU @ $245.50
Saleem
Hi Saleem,
Good luck with BIDU.
Stocktrader
Hello Saleem,
Sold NEW @ 21.07
Bought DOMO @ 22.54. DOMO is the cloud-based data-analytics software company got listed today.
Portfolio --> HUYA, IQ, DOMO and ALVR
Thanks
Paramjeet
Hi Paramjeet,
DOMO is very tricky. Here's some background on the company:
https://seekingalpha.com/symbol/DOMO?s=domo
Stocktrader
Hi Paramjeet,
Good luck with your portfolio...Good luck with DOMO
It is a very difficult TAPE now.....
Saleem
Hi Saleem and Stocktrader,
Thank you for your wishes and sharing the note on DOMO. DOMO was my speculative pick today.
I got out at 27.99. Made a quick $5.5 profit.
Based on TAPE, I am thinking of getting out completely before the close. Any adverse news from China/EMEA during the weekend may get ugly for the markets next week.
Have a great weekend!
Paramjeet
Hi Paramjeet,
You worked that DOMO trade so well!
Good luck with your next thoughts and trades.
Stocktrader
Hi guys,
I like recent-IPO GSKY for a trade here, been *very* quiet while holding 21.40-21.50 all day. Could be ready for an explosive move (either direction).
Stocktrader
Hi Guys,
Kept my conviction and sold all holdings
Sold HUYA @ 33.06
Sold IQ @ 32.39
Sold AVLR @ 51.49
All Cash now. Will wait to see market sentiment next week before jumping in.
Thanks again,
Paramjeet
Hi Paramjeet,
AVLR was a really good one today. Good luck with your next moves. This market has gotten a lot harder in the last two weeks. Cash is probably a good idea.
Stocktrader
Hi Paramjeet,
Good move in being out.....
Relax till Monday open.....
Saleem
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