Indices closed down.
S&P 500 @ 2804.49, low 2799.77, high 2812.05
RSI @ 61.16
CMF @ 0.073
Internals were :
UP volume led by .84 to 1 in NYSE & .84 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 41 in NYSE & 73 in Nasdaq
VIX UP 6.36% @ 12.87
Oil @ $69.46
Gold @ $1224.00
AH news....ISRG UP 6.36%, MSFT UP 3.26%
ZYNE Down 17.06%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed lower and many stocks suffered significant loss, this is a reset after major gains. Indices remains healthy and is poised to run higher to series of new all time highs.I expect earning season to be better than expectations as evidence by MSFT tonight. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Sold GSKY today. It seems like stuck in the zone without any movement whatsoever.
Bought a small position on a new IPO REPL @15.30. Missed on a few in the last few days including ALLK (IPO @ 17 - Now 36+), TLRY (IPO @ 17, now 28+) and RUBY (IPO @ 23, now 26.50)
Portfolio : IQ, BILI and Small Portion of REPL
Thanks
Paramjeet
Hi Paramjeet,
Good luck with your portfolio.
Saleem
Hi Paramjeet,
I think CPC looks interesting based on the TLRY move. I don't follow this space, but did some searching today.
Stocktrader
^ CGC*
Hi Saleem,
Bought SWKS @ 97.15
I feel like this selloff is a massive overreaction to the Win Semi guidance. I think the SWKS results from last night should be taken at face value, and that would imply a nearly 10% move higher.
I've always liked the positioning these guys have in IoT and the upcoming 5G cycle, along with great management and a history of proper guidance.
Stocktrader
Hi Stocktrader,
SWKS should be interesting going forward....Good luck
Saleem
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