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
8 comments:
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
Hi Saleem & Stocktrader,
Sold SQ / and calls of KSS, NKE, BABA to book profits. Looking to enter VMW or SPLK or both
Thanks,
Explorer
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
Hi Stocktrader,
Good luck with MHO....
Saleem
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
Hi Explorer,
Good luck with your next trades.....
Saleem
Hi Saleem,
I also re-upped my OPRX @ 12.57 to get back to full position after trimmed while on vacation.
Stocktrader
Hi Stocktrader,
Good luck with NVTR and full position in OPRX.
Saleem
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