Indices closed UP.
S&P 500 @ 2798.29, high 2799.22, low 2781.53
RSI @ 62.13
CMF @ 0.115
Internals were :
UP volume led by 1.82 to 1 in NYSE & 2.61 to 1 in Nasdaq
Advancing stocks led by 1.75 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & 59 in Nasdaq
VIX Down 7.70% @ 12.58
Oil @ $70.33
Gold @ $1258.00
Stocks which were UP 3% or more included BIDU BZUN IQNEW
MOMO BILI SOGO OLED SHOP SPLK RIKU TWTR NTNX
YELP......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong and closed near high of the day. Nasdaq made a brand new all time new closing high, new all time highs gets series of new highs. Most sect sector participated in today's rally. Internals were all positive.Technically this market is healthy so look for new all time highs in all Indices. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
My first trades in weeks!
Sold IART @ 63.13
A sluggish chart combined with my general lack of knowledge about the company led me to cut this one. IQ and MOMO were other considered candidates.
Bought SFLY @ 91.18
A thesis I put forth yesterday, I thought I'd give this one a try. Huge short interest plus the new catalyst of Apple discontinuing a competing service. I still think the acquisition of Lifetouch will turn out better than many expect as a great way to expand and solidify their footprint.
Stocktrader
Hi Stocktrader,
Good luck with SFLY.....
Saleem
Hi Saleem,
Sold BABA @ 189.68
I needed to free up some cash for other purchases and decided this had the least upside potential for now. The fears of losing market share in e-commerce, an overall slowing Chinese economy, and a potential share sale by AABA is probably keeping a lid on this stock for now.
Added to VCEL @ 8.99
The selloff seems way overdone, and these guys have a lot of cash from the upsized $13/sh secondary just recently. I like the risk/reward here against the 200 DMA.
Added to TRIL @ 5.73 avg
The severe valuation discount versus the recent IPO of FTSV makes me like TRIL even more now. It also seems like TRIL has the better underlying drug, although trial results will tell the true story eventually.
Added to GSKY @ 19.23
This stock has gotten so cheap despite significant positive analyst coverage and commentary post-quick period. I thought it would make sense to add on this dip ahead of earnings, and since my position size had really shrunk.
Stocktrader
Hi Saleem,
Oops, meant "post-quiet period" in GSKY :)
Stocktrader
Hi Stocktrader,
Good move in reallocating funds to VCEL TRIL GSKY
Saleem
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