Indices closed mixed.
S&P 500 @ 2878.05, low 2867.29, high 2892.05
RSI @ 56.17
CMF @ 0.090
Internals were:
Down volume led by 1.66 to 1 in NYSE & 2.31 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new 52 wk low were leading by 35 in NYSE & highs by 19 in Nasdaq
VIX UP 5.32% @ 14.65
Oil @ $67.77
Gold @ $1204.30
AH news.. OKTA UP 14.95%, MRVL 7.35%
PANW UP 6.12%..
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE has become extremely sloppy with leaders showing weakness, Chips stocks took a beating when MU spoke about weak pricing, chip equipment makers were the other big casualty. FB showing weakness based on earnings cut @ many brokerage. Friday @ 8.30 its all about Jobs 188, 000 is expectations, we may miss this number. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Bought SAIL @ 30.62
The report from OKTA shows momentum in the identity governance market is extremely strong.
Stocktrader
Hi Saleem,
Sold EAF @ 17.81 avg
Despite the very cheap valuation and the growth niche they occupy in steel, this stock is not working...nothing in cyclical sectors appears to be working well.
Stocktrader
Hi Saleem & Stocktrader,
Sold OKTA & RHT calls for good profit. OKTA should go to 80. If opportunity comes I’ll re-enter for lower price
Thanks,
Explorer
Hi Explorer,
OKTA was such a crazy good report, nice job on the calls!
Stocktrader
Hi Stocktrader,
Was under the weather whole day, just saw your purchase of SAIL...good luck!
Saleem
Hi Explorer,
Great call buys on OKTA RHT...
Saleem
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