Wednesday, August 22, 2018

Indices closed mixed......

Indices closed mixed.

 S&P 500 @ 2861.82, low 2856.05, high 2867.54

 RSI @ 61.31

 CMF @ -0.033

 Internals were :

 UP volume led by .99 to 1 in NYSE & 1.93 to 1 in Nasdaq

 Advancing stocks led by 1.16 to 1 in NYSE & 1.49 to 1 in Nasdaq

 Net new 52 wk highs were leading by 107 in NYSE & 119 in Nasdaq

 VIX Down 4.74% @ 12.25

 Oil @ $67.86

 Gold @ $1203.30

 Stocks which were UP 2% or more included AMD HUYA NVDA
YY SHOP GG TECK NTNX RIG FEYE LNG.....

 AH news...JWN UP 2.39%, WSM UP 7.25%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil UP

 AH Gold Down

 About market, TAPE defied negativity due to conviction of 2 POTUS aides but closed mixed as Fed minutes revealed negative impact on US economy IF trade tariffs continue.Technology has been faring well for 5 days in a row, all UP days. All Indices look healthy and ready to make series of new all time highs in short order.

 BLOG does NOT give buy or sell.

 Saleem
at

8 comments:

  1. stocktrader_1996August 23, 2018 at 7:01 AM

    Hi Saleem,

    Sold TZA @ 8.12

    Small caps just staged a breakout, and I can't see what negative catalyst from here could actually bring them down, especially as we hit their seasonally strong period. I trust being long my current holdings without a need for a hedge.

    Bought MHO @ 26.25

    I think housing has hit a trough with commodity prices coming down and rates tame. Their buyback program will also help.

    Stocktrader

    ReplyDelete
  2. explorerAugust 23, 2018 at 8:16 AM

    Hi Saleem & Stocktrader,

    Sold SQ / and calls of KSS, NKE, BABA to book profits. Looking to enter VMW or SPLK or both

    Thanks,
    Explorer

    ReplyDelete
  3. stocktrader_1996August 23, 2018 at 8:48 AM

    Hi Explorer,

    BABA was a tricky trade this morning--I hope you got out with some nice profit!

    SPLK should do well, but those options are so expensive.

    Stocktrader

    ReplyDelete
  4. Stocks100August 23, 2018 at 9:42 AM


    Hi Stocktrader,

    Good luck with MHO....

    Saleem

    ReplyDelete
  5. stocktrader_1996August 23, 2018 at 9:43 AM

    Hi Saleem,

    Bought NVTR @ 20.71

    I think spinal cord stimulation has a long runway ahead as people try and use non-prescription drug methods to treat chronic pain and other ailments.

    Stocktrader

    ReplyDelete
  6. Stocks100August 23, 2018 at 9:43 AM


    Hi Explorer,

    Good luck with your next trades.....

    Saleem

    ReplyDelete
  7. stocktrader_1996August 23, 2018 at 9:44 AM

    Hi Saleem,

    I also re-upped my OPRX @ 12.57 to get back to full position after trimmed while on vacation.

    Stocktrader

    ReplyDelete
  8. Stocks100August 23, 2018 at 11:12 AM


    Hi Stocktrader,

    Good luck with NVTR and full position in OPRX.

    Saleem

    ReplyDelete