Indices closed down.
S&P 500 @ 2774.02, low 2770.77, high 2785.91
RSI @ 57.32
CMF @ 0.025
Internals were :
Down volume led by 4.19 to 1 in NYSE & 1.86 to 1 in Nasdaq
Declining stocks led by 2.74 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 10 in NYSE & 20 in Nasdaq
VIX UP 7.83% @ 13.63
Oil @ $70.38
Gold @ $1244.40
AH news...AVGO Down 6.67%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under selling pressure due to trade war heating up again, Indices were little overbought also thus closing near low of the day. Internals were not extreme and VIX remained contained which was telling me that this tariff news is discounted already.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Doubled my position in SQ @ $66.00
Saleem
Hi Saleem,
Good luck with more SQ!
Stocktrader
Hi guys,
SFLY is interesting here for a trade based on Apple discontinuing its photo printing service. Large short interest could propel it much higher if it gets going, but that's sometimes hard on these quiet summer days.
Also, SAIL based on the CA acquisition, both in terms of gaining market share during the integration which could get messy for AVGO, but also if another bigger player wants to add some identity governance offerings through an acquisition.
Stocktrader
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