Tuesday, July 31, 2018

Indices closed UP .43% to .55%....NICE !!!!

Indices closed UP.

S&P 500 @ 2816.29, high, 2824.46, low 2808.06

RSI @ 57.57

CMF @ 0.167

Internals were :

UP volume led by 1.74 to 1 in NYSE & 1.68 to 1 in Nasdaq

Advancing stocks led by 2.15 to 1 in NYSE & 1.82 to 1 in Nasdaq

Net new 52 wk high were leading by 30 in NYSE and lows by 21 in Nasdaq

Oil @ $68.76

Gold @ $1233.60

Stocks which were UP 1% or more included IQ
CRUS LRCX MOMO BILI FSLR EAF JD
VICR BABA CSIQ DNKN AMAT FCX 
JKS LVS QRVO ROKU SPWR TECK
TSLA TWTR ALDR CHK WYNN
MGA NKE KBH AAL PANW
CNX .....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

AH BIDU & IQ reported  better than expected results :

They both beat on Sales and EPS

Both guiding Sales better than expected

Both stocks UP in AH 

AH news...BIDU UP 1.67%, AAPL UP 4.03%

                  IQ UP 6.46%, SYNA Down 13.59%

About market, TAPE had an oversold bounce. Technology was UP on bargain hunting as many stocks found support yesterday @ low point. AAPL had good earnings AH which will help technology confirm a new uptrend. China US are talking about resolving trade issues which helped sentiments today.

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hi Saleem,

Sold IQ @ 33.02

The stock makes me uneasy, and the path to earnings remains clouded, so I'll step to the sidelines.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with next pick.

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought TENB @ 29.97

I wanted some more software exposure given what I feel is a bottom, so I figured this recent IPO with nice growth and insider buys at the IPO seemed like a good idea.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with TENB....

Saleem