Thursday, October 4, 2018

Indices closed down .75% to 1.81%......

Indices closed down.

 S&P 500 @ 2901.61, low 2883.92, high 2919.78

 RSI @ 50.67

 CMF @ -0.148

 Internals were :

 Down volume led by 1.79 to 1 in NYSE & 3.69 to 1 in Nasdaq

 Declining stocks led by 4.09 to 1 in NYSE & 3.55 to 1 in Nasdaq

 Net new 52 wk lows were leading by 467 in NYSE & 148 in Nasdaq

 VIX UP 22.48% @ 14.22

 Oil @ $74.33

 Gold @ $1201.60

 AH news....

 EMKR UP 9.85%

 PXLW UP 6.48%

 CUTR Down 16.25%

 In my portfolio...Sold RHT @ $128.05

 Portfolio AMD FB FSLR VICR HEXO.TO

 AH futures UP

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE was in freefall due to rising bond yield which rose to 7 year high @ close. Internals reached extreme negative level which means capitulation by many traders. So we were under pressure for days due to trade issues then Italy and now bond yield, all this took all the froth out of this TAPE.

 BLOG does NOT give buy or sell.

 Saleem
at

21 comments:

  1. stocktrader_1996October 4, 2018 at 6:37 PM

    Hi guys,

    It should be another red hot IPO tomorrow, ESTC. Today's GH would have been a great entry at open--I'm guessing ESTC turns out the same even though I have a really hard time paying up big like that.

    Stocktrader

    ReplyDelete
  2. explorerOctober 4, 2018 at 7:30 PM

    Hi Stocktrader,

    Thank you for your reviews on new IPOs and other stocks. I was tied up with work but noticed your note. GH did pretty well today & I’ll get some relief from work tomorrow & will watch ESTC.

    Hi Saleem,
    Market is so hard to trade, I am still in AMZN, I hope it shows some life tomorrow. My entry for PRTK was perfect & it had received 2 FDA approvals but price action wasn’t great. Still in though. Good luck with proceeds of RHT

    Explorer

    ReplyDelete
  3. stocktrader_1996October 5, 2018 at 6:09 AM

    Hi guys,

    I think this jobs number was a sigh of relief. Now we can focus on upcoming earnings. I'll be selling my TZA hedge and adding some new stocks.

    Stocktrader

    ReplyDelete
  4. stocktrader_1996October 5, 2018 at 6:41 AM

    Hi guys,

    Sold TZA @ 9.14

    Bought PS @ 26.65

    Bought GRTS @ 12.50

    Stocktrader

    ReplyDelete
  5. stocktrader_1996October 5, 2018 at 7:06 AM

    Hi guys,

    Bought STRO @ 14.80

    Adding some speculative exposure and I think these recent biotech IPOs have a lot of promise still and will have selling restrictions through the end of the year.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996October 5, 2018 at 7:08 AM

    Hi guys,

    Bought AVLR @ 34.75

    Stocktrader

    ReplyDelete
  7. stocktrader_1996October 5, 2018 at 7:13 AM

    Hi guys,

    Bought SAIL @ 30.20

    Also trying to buy some ESTC at open but indications are already running away, currently expected at $53.

    Stocktrader

    ReplyDelete
  8. Stocks100October 5, 2018 at 7:15 AM

    Hi Stocktrader,

    Good luck with new and improved portfolio SAIL AVLR STRO PS GRTS

    Saleem

    ReplyDelete
  9. explorerOctober 5, 2018 at 7:17 AM

    Hi Stocktrader,

    Good luck with PS, GRTS, STRO & AVLR

    Explorer

    ReplyDelete
  10. Stocks100October 5, 2018 at 8:00 AM

    Hi Explorer ,

    Yes TAPE is extremely erratic and is following no pattern. ...thus less exposure is better until trend is established.

    Saleem

    ReplyDelete
  11. explorerOctober 5, 2018 at 9:22 AM

    Hi Stocktrader,

    ESTC opened at high price of 70. Are you planning to get in?

    Explorer

    ReplyDelete
  12. stocktrader_1996October 5, 2018 at 9:33 AM

    Hi Explorer,

    It is a tough call, but I will probably try.

    Stocktrader

    ReplyDelete
  13. stocktrader_1996October 5, 2018 at 9:38 AM

    Hi Explorer and others,

    I got a partial fill of 500 shares @ 71.20 (for retirement account) right after I posted. I'll wait to see if it comes back down there again. I don't really feel like chasing.

    Stocktrader

    ReplyDelete
  14. stocktrader_1996October 5, 2018 at 9:42 AM

    Hi all,

    The rest filled.

    Bought ESTC @ 71.20

    Stocktrader

    ReplyDelete
  15. explorerOctober 5, 2018 at 9:48 AM

    Hi Stocktrader,

    Good luck with ESTC. I had 68.50 order but never filled it so I had canceled it & have open call orders for SPLK, MTCH, TDOC, TWLO. Not sure if they get filled.

    It’s another blood bath day on overall market. I believe the yealds are culprit here

    Explorer

    ReplyDelete
  16. stocktrader_1996October 5, 2018 at 9:51 AM

    Hi Explorer,

    GH is setting up decently for the end of the day and it's a marginable stock.

    Stocktrader

    ReplyDelete
  17. Stocks100October 5, 2018 at 10:11 AM

    Hi Stocktrader,

    Good luck with ESTC.

    Saleem

    ReplyDelete
  18. Stocks100October 5, 2018 at 11:27 AM

    Hi Stocktrader & Explorer,

    Sold FSLR @ $46.63

    Sold VICR @ $40.60

    Bought ESTC @ $69.80

    Saleem

    ReplyDelete
  19. stocktrader_1996October 5, 2018 at 11:32 AM

    Hi Saleem,

    Good luck on the swap. ESTC is a wild one!

    Stocktrader

    ReplyDelete
  20. stocktrader_1996October 5, 2018 at 12:15 PM

    Hi guys,

    Sold BEAT @ 55.23

    I am not super comfortable with this name into earnings, so I sold it to raise cash.

    Bought PRNB @ 26.05

    After selling this stock earlier, I wanted to re-enter. Their backers and technology are impressive.

    Stocktrader

    ReplyDelete
  21. Stocks100October 5, 2018 at 12:28 PM


    Hi Stocktrader,

    Good luck with PRNB....

    Saleem

    ReplyDelete