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
21 comments:
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
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
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
Hi guys,
Sold TZA @ 9.14
Bought PS @ 26.65
Bought GRTS @ 12.50
Stocktrader
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
Hi guys,
Bought AVLR @ 34.75
Stocktrader
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
Hi Stocktrader,
Good luck with new and improved portfolio SAIL AVLR STRO PS GRTS
Saleem
Hi Stocktrader,
Good luck with PS, GRTS, STRO & AVLR
Explorer
Hi Explorer ,
Yes TAPE is extremely erratic and is following no pattern. ...thus less exposure is better until trend is established.
Saleem
Hi Stocktrader,
ESTC opened at high price of 70. Are you planning to get in?
Explorer
Hi Explorer,
It is a tough call, but I will probably try.
Stocktrader
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
Hi all,
The rest filled.
Bought ESTC @ 71.20
Stocktrader
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
Hi Explorer,
GH is setting up decently for the end of the day and it's a marginable stock.
Stocktrader
Hi Stocktrader,
Good luck with ESTC.
Saleem
Hi Stocktrader & Explorer,
Sold FSLR @ $46.63
Sold VICR @ $40.60
Bought ESTC @ $69.80
Saleem
Hi Saleem,
Good luck on the swap. ESTC is a wild one!
Stocktrader
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
Hi Stocktrader,
Good luck with PRNB....
Saleem
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