Wednesday, October 3, 2018

Indices closed UP .07% to .32%...NICE !!!!

Indices closed UP.

S&P 500 @ 2925.51, high 2939.86, low 2921.36

RSI @ 62.63

CMF @ -0.153

Internals were :

UP volume led by 1.50 to 1 in NYSE & 2.54 to 1 in Nasdaq

Advancing stocks led by .96 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk lows were leading by 216 in NYSE & 62 in Nasdaq

VIX Down 3.65% @ 11.61

Oil @ $76.41

Gold @ $1202.90

Stocks which were UP 1% or more included FB VICR
KORS SPLK MTCH GE ACBFF CGC TLRY AAPL
IQ BABA BILI CIEN CSIQ CTRP EAF MOMO
OLED SHOP TWTR WB YY ROKU ALDR 
CHK FEYE YELP WYNN LVS TRIP MS
SU MLNX FNSR X M CNX....

AH news.....

TLRY Down 4.99%, 

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down


About market, TAPE started strong and DOW made another new all time high, by close we barely stayed green in all indices. Internals were weak again. New stocks are getting more attention and making decent UP moves. AMD selling seems to have stopped as INTC have readjusted their strategy to compete with faster growing AMD strategy, its not easy to play catch up in technology.

BLOG does NOT give buy or sell.

Saleem

9 comments:

stocktrader_1996 said...

Hi Explorer (and others),

GH looks like a really good IPO. It's worth trying if you can get any decent price. Maybe the weakness in the market can hold it back a little for an entry.

Stocktrader

stocktrader_1996 said...

Hi guys,

Bought MTCH @ 56.86

It has held up very well during this decline, and I think investors are still underestimating their ultimate earnings power as the way people date has changed forever now. The 50% short interest helps too :)

Stocktrader

stocktrader_1996 said...

Hi guys,

Bought ALLK @ 33.52 avg

I have watched this one ever since its IPO and never had a good chance for entry. This best-in-class molecule for allergic reactions across the whole body has the potential for solving a wide range of issues.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with MTCH...

Saleem

Stocks100 said...

Hi Stocktrader,

Good luck with ALLK.

Saleem

stocktrader_1996 said...

Hi guys,

Bought APPN @ 28.29

This is one of the names I wanted to own before earnings as I think the street underestimates their current business momentum.

Stocktrader

Stocks100 said...


Hi stocktrader,

Good luck with APPN...

Saleem

stocktrader_1996 said...

Hi guys,

Bought SPLK @ 111.62

Adding back some of my favorites here.

Doubled up CHGG @ 27.47

My single most favorite name heading into earnings. I hear their products have become absolute "must-haves" for college students.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SPLK & more of CHGG...

Saleem