Thursday, August 23, 2018

Indices closed down .13% to .30%......

Indices closed down.

S&P 500 @ 2856.98, low 2854.03, high 2868.78

RSI @ 59.35

CMF @ -0.021

Internals were :

Down volume led by 2.46 to 1 in NYSE & 1.57 to 1 in Nasdaq

Declining stocks led by 1.94 to 1 in NYSE & 1.42 to 1 in Nasdaq

Net new 52 wk highs were leading by 73 in NYSE & 136 in Nasdaq

VIX UP 1.31% @ 12.41

Oil @ $67.33

Gold @ $1194.00

AH news...ROST Down 5.23%, SPLK UP 6.55%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was UP @ open, then tweet storm took a toll with references to impeachment, market crash and Attorney General refusing to accept pressure and willingness to uphold law, all in all a very messy scenario. Chinese tit for tat tariffs came into effect also. Market weathered all this nicely and had minor loss by close, new highs were holding the lead. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

12 comments:

explorer said...

Hi Saleem & Stocktrader,

SPLK made all time high today, I just booked my profits. It still has room to go high but with calls I thought of closing them

Thanks,
Explorer

Stocks100 said...


Hi Explorer,

Excellent quick option trade on SPLK.....

Saleem

stocktrader_1996 said...

Hi Explorer,

Very nice hit!

Stocktrader

Stocks100 said...

Hi Stocktrader,

Sold AMD @ $23.50

Saleem

Stocks100 said...

Hi Stocktrader,

Bought FB @ $174.32

Saleem

stocktrader_1996 said...

Hi Saleem,

Great gains! Good luck with the next trade.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

And there's the next trade :)

Good luck with FB!

Stocktrader

explorer said...

Hi Saleem,

Excellent trade on AMD & your NVDA is on fire too. Good job. FB is beaten down, direction is not so clear but S&P & NASDAQ hit all time high so the trend may continue. Good luck with FB.

I am running short on ideas as trade issues aren’t gone completely imo.

Explorer

stocktrader_1996 said...

Hi Saleem,

Used the rest of my cash to add to current positions:

Added to EAF @ 18.67
Added to APPN @ 34.99
Added to TENB @ 33.68
Added to MHO @ 26.25

Current Holdings: SPLK PANW CSOD MU EAF MHO APPN TENB VCEL NVTR LQDA OPRX TRIL, cash 0.0%

Stocktrader

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with additional EAF APPN TENB MHO....

Saleem

explorer said...

Hi Saleem & Stocktrader,

I rebought SPLK OCT monthly calls along with MA same month calls. Have a great weekend

Thanks,
Explorer

Stocks100 said...

Hi Explorer,

Good luck with Callas in SPLK & MA...

Saleem