Wednesday, September 26, 2018

Indices closed down .21% to .40%.......

Indices closed down.

 S&P 500 @ 2905.97, low 2903.28, high 2931.15

 RSI @ 56.31

 CMF @ 0.003

 Internals were :

 Down volume led by 2.39 to 1 in NYSE & 1.40 to 1 in Nasdaq

 Declining stocks led by 1.59 to 1 in NYSE & 1.70 to 1 in Nasdaq

 Net new 52 wk lows were leading by 51 in NYSE & 0 in Nasdaq

 VIX UP 3.78% @ 12.89

 Oil @ $71.57

 Gold @ $1199.10

 Stocks which were UP 1% or more included BZUN FB HEXO.TO
TLRY IQ BILI NFLX TSLA YY MGA SINA OSTK IBM M....

 AH news....BBBY Down 14.25%, CMTL Down 11.92%

 AH Futures UP

 AH Asian Markets Mixed

 Oil & Gold UP

 About market, TAPE was @ its high right after fed minutes were released, by close indices were lower @ close. Hopefully there will be a rethink about Fed policy and conference call. Internals were all negative. Strong stocks should do well going forward.

 BLOG does NOT give buy or sell.

 Saleem
at

11 comments:

  1. stocktrader_1996September 27, 2018 at 5:24 AM

    Hi Explorer,

    I think the IPOs today of ARVN, STRO, and UROV all could have opportunity to pop from my expected opening prices of high, middle, and muted respectively today. I'm skipping RMED because I think it will open too hot and I'm not super excited about the business.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996September 27, 2018 at 5:37 AM

    Hi Explorer,

    Oops, forgot about LAIX. It is interesting also, but I have less idea of how it might trade given the Chinese nature, although it should pop too if the open is quiet enough.

    Stocktrader

    ReplyDelete
  3. explorerSeptember 27, 2018 at 6:31 AM

    Hi Stocktrader,

    Thank you for the note. I’ll watch them

    Explorer

    ReplyDelete
  4. explorerSeptember 27, 2018 at 8:16 AM

    Hi Saleem & Stocktrader,

    Bought some NOV LULU calls for the breakout

    Explorer

    ReplyDelete
  5. Stocks100September 27, 2018 at 8:39 AM

    Hi Explorer,

    Good luck with LULU calls...

    Saleem

    ReplyDelete
  6. stocktrader_1996September 27, 2018 at 8:56 AM

    Hi Explorer,

    Good luck with the LULU calls.

    Stocktrader

    ReplyDelete
  7. stocktrader_1996September 27, 2018 at 8:57 AM

    Hi Saleem,

    Sold LQDA @ ~28.20 to take profits

    Sold VCEL @ 14.15 to take profits

    I am getting more nervous about the Fed continuing to raise interest rates and how that might affect speculative stocks. The performance of many of the IPOs today is lackluster at best.

    Stocktrader

    ReplyDelete
  8. Stocks100September 27, 2018 at 9:09 AM

    Hi Stocktrader,

    Good luck with your strategy.

    Saleem

    ReplyDelete
  9. stocktrader_1996September 27, 2018 at 9:19 AM

    Hi Saleem,

    Sold APPN @ 33.72 on weak relative strength

    Stocktrader

    ReplyDelete
  10. stocktrader_1996September 27, 2018 at 9:21 AM

    Hi Saleem,

    Sold MTCH @ 58.66 to take profits

    Stocktrader

    ReplyDelete
  11. Stocks100September 27, 2018 at 10:38 AM

    Hi stocktrader,

    Good moves in booking profit and selling weak stock.

    Saleem

    ReplyDelete