Indices closed down.
S&P 500 @ 2802.60, low 2798.11, high 2821.74
RSI @ 54.17
CMF @ 0.214
Internals were :
Down volume led by .84 to 1 in NYSE & 2.00 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk high were leading by 10 in NYSE & lows were leading by 69 in Nasdaq
VIX UP 9.44% @ 14.26
Oil @ $70.13
Gold @ $1231.50
AH news...AKS Down 8.02%, TXRH Down 12.03%
SPWR UP 6.78%, ILMN UP 6.94%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under pressure in technology stocks US or Chinese did not matter. I think this selling is overdone and new money may be deployed to buy technology @ these attractive levels.. I think technology stocks will find support around here, FB did find support @ lows of the day.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem & Stocktrader,
Got a small position in IQ at 30.33
Thanks,
Explorer
Hi Explorer,
Good luck with IQ and the earnings tonight--it should be interesting!
Stocktrader
Hi Saleem & Stocktrader,
Also got some SQ @63.75
Thanks,
Explorer
Hi Explorer,
Great bargains in tech to be had, nicely done! :)
Stocktrader
Hi Saleem,
Trimmed VCEL @ 10.26
Added to VRNS @ 56.80
VCEL was my largest position, very volatile, and had bounced nicely from my add a couple weeks ago. The VRNS selloff is overdone with the company already taking steps to address the West Coast problem and the new partnership announced today with Box.
Stocktrader
Hi Explorer,
Good luck with IQ & SQ....IQ tonight SQ on Wednesday.....
Saleem
Hi Stocktrader,
Good luck with more VRNS....
Saleem
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