Indices closed mixed.
S&P 500 @ 2815.62, high 2816.76, low 2805.89
RSI @ 65.20
CMF @ 0.064
Internals were :
UP volume led by 1.29 to 1 in NYSE & .85 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 36 in NYSE & 73 in Nasdaq
VIX UP .33% @ 12.10
Oil @ $68.76
Gold @ $1227.90
Stocks which were UP 1% or more included CRUS LRCX DQ
BILI OLED EAF MS CSIQ AMAT FCX FFIV TECK
NTNX LNG AAL X M .....
AH news...IBM UP 3.09%, AXP Down 2.75%
NTNX Down 3.58%, EBAY Down 5.61%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed mixed but near high of the day, I will call it a positive day considering everything.Dow has been UP 5 day's in a row which is very healthy for this market. Semis came to life after ASML beat and higher guidance, IF SOX is healthy then this market is going UP.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Paramjeet (and others),
I know you like the day-of IPOs, and today maybe has a gem in ALLK, although the upsizing of the deal may limit the upside somewhat but gives good indication as to interest. With all eyes on the first cannabis IPO in the US in TLRY (which is coming out very expensively), ALLK might provide a nice entry.
Stocktrader
Hi Saleem,
Sold PLT @ 73.85
I missed my chance to sell on the up move earlier this month, and now the chart has turned against it after some analyst downgrades.
Bought VRNS @ 79.23
Conversely, this chart sets up well for more up move, and two analyst actions in recent days provides a backdrop for positivity. They are benefiting nicely from the new data standards required by the EU.
Stocktrader
Hi Saleem,
Sold SFLY @ 89.97
This was a trade that didn't work out, and I fear now that there's no future catalyst for upgrade. Despite the earnings power, it's not really a "new economy" stock since it prints photos as a primary product. I'll raise the cash here and wait for opportunities. I might even try a little ALLK when it starts trading.
Stocktrader
Thank you StockTrader. I will lookout if the right entry comes along on ALLK. I like TLRY as well but will wait when the dust/excitement gets settled a bit.
Hi Stocktrader,
Good luck with VRNS....
Saleem
Hi Paramjeet,
I rode 3k of ALLK from $27.50 to $32. I hope you found similar success.
Stocktrader
^ in a trading account. I don't usually talk about that account here, displaying my retirement account statistics and holdings primarily.
I missed the boat on ALLK. The price point seem to high for me to participate. Will keep a close eye.
Post a Comment