Thursday, October 25, 2018

Indices closed UP 1.63% to 2.93% NICE !!!!

Indices closed UP.

S&P 500 @ 2705.62, high 2722.70, low 2667.84

RSI @ 34.64

CMF @ -0.208

Internals were :

UP volume led by 2.54 to 1 in NYSE & 2.65 to 1 in Nasdaq

Advancing stocks led by 2.57 to 1 in NYSE & 2.64 to 1 in Nasdaq

Net new 52 wk lows were leading by 288 in NYSE & 256 in Nasdaq

VIX Down 7.77% @ 23.27

Oil $67.07

Gold $1232.70

Stocks which were UP 3% or more included FB NVDA SQ VICR 
RHT BZUN PRNB AMZN BABA BIDU GOOG MU NFLX
OLED PANW QRVO SHOP TSLA TWTR YY ALDR
RIG FEYE LNG WYNN LVS YELP MA OSTK MSFT
SWKS KBH V AAL X......


About market, TAPE had a deep oversold bounce, need another close near high of the day to confirm this move. Fed is keen on raising rates IF it is discounted in the market then we will be OK IF not same slump again. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem



7 comments:

stocktrader_1996 said...

Hi guys,

Doubled up on my SPLK @ 88.89

After selling ESTC, I was a little short on big data exposure.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with more SPLK.

Saleem

stocktrader_1996 said...

Hi guys,

Added to SAIL @ 23.36

Picking out the really beaten down to add.

Stocktrader

stocktrader_1996 said...

Hi guys,

Added to PS @ 20.67

After great earnings and guidance, this was an easy add for me.

Stocktrader

stocktrader_1996 said...

Hi guys,

Bought HUBS @ 123.33

Deployed all my cash today.

Stocktrader

stocktrader_1996 said...

Hi guys,

I think FSLR sets up interestingly here.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with HUBS and more of PS & SAIL...

Saleem