Indices closed down.
S&P 500 @ 2888.80, low 2888.16, high 2904.65
RSI @ 56.34
CMF @ 0.114
Internals were :
Down volume led by .95 to 1 in NYSE & 3.11 to 1 in Nasdaq
Declining stocks led by 1.47 to 1 in NYSE & 2.12 to 1 in Nasdaq
Net new 52 wk lows were leading by 7 in NYSE & 18 in Nasdaq
VIX UP 13.34% @ 13.68
Oil @ $68.91
Gold @ $1205.80
AH news....AVP UP 13.94%, ORCL Down 4.64%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under trade phobia for 2 days in a row, tonight trade tariff against China is imposed @ 10% to go up 25% by end of the year, reaction is negative again for 3rd in a row, overdone in my books, weakness on Tuesday open to be bought and it could be a " turnaround Tuesday "...Internals were negative for the most part and VIX shot up.
BLOG does NOT give buy or sell.
Saleem
14 comments:
Hi Saleem,
Your analysis is so correct, it’s a turnaround Tuesday.
Explorer
Hi Explorer,
Thanks for your feedback, much appreciated..
Saleem
Hi Saleem & Stocktrader,
Sold ORCL & FDX for quick profits. Order is not filled for BEAT calls. Excellent chart
Explorer
Hi Explorer,
Well done on those earnings puts!
I have some BEAT calls also, but I fear the Nasdaq is still weak here. I would not be surprised at some kind of rollover into the end of the day, but maybe I'm reading the tape too harshly.
Stocktrader
(Have BEAT calls in a trading account, not primary retirement account)
Hi Saleem,
Sold APPN @ 35.66 to take profits and raise some cash
Stocktrader
Hi Saleem,
Sold TENB @ 36.44 to take profits
Stocktrader
Hi Saleem,
Trimmed some LQDA @ 20.51 to take profits
Stocktrader
Hi Saleem,
Added a little to PRNB @ 25.20 on this dip
Stocktrader
Hi Stocktrader,
Good luck with more of PRNB....
Always good to book profit.....
Good luck with new picks
Saleem
Hi Saleem,
Sold SPLK @ 118.92 to take profits and raise cash
I should have sold this yesterday when I wasn't feeling great about its price action, but here we are now... A huge convertible bond offering plus the expected IPO of a faster-growing competitor probably leaves this sluggish for now.
Stocktrader
Hi Stocktrader,
Good luck with proceed from SPLK.
Saleem
Hi Stocktrader,
Sold IQ @ $26.60
Bought AMD @ $31.57
Saleem
Hi Saleem,
Good luck with the swap!
Stocktrader
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