Thursday, August 16, 2018

Indices closed UP .42% to 1.58%....NICE !!!!

Indices closed UP.

S&P 500 @ 2840.69, high 2850.49, low 2831.44

RSI @ 56.50

CMF @ 0.014

Internals were :

UP volume led by 2.93 to 1 in NYSE & 1.32 to 1 in Nasdaq

Advancing stocks led by 2.98 to 1 in NYSE & 2.40 to 1 in Nasdaq

Net new 52 wk highs were leading by 42 in NYSE & 21 in Nasdaq

VIX Down 8.13% @ 13.45

Oil @ $65.46

Gold @ $1184.00

Stocks which were UP 1% or more included BZUN HUYA
DQ PANW BIDU MOMO BILI SOGO WB CIEN SPLK
GS MS AAPL BABA BAC JKS LULU LVS MA ROKU
TWTR YUM LNG WYNN FNSR MCD SU KBH X M

AH news...JWN UP 8.84%, NVDA Down 4.88%

                  AMAT Down 4.49%

NVDA earnings was a beat on Sales and EPS, their guidance is slightly lower due to zero crypto currency revenue going forward. I expect analysts to support NVDA as buy on this weakness.

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was in overdrive mode as good earnings from WMT and CSCO & trade issues being negotiated with China gave a huge boost. Nasdaq was the laggard today. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold AVLR @ 39.25 to take profits

With a run so large in just two days, I'll take the money and run! :)

Stocktrader

Stocks100 said...


Hi stocktrader,

Lucky is better than smart.....

Good move$$$$

Saleem