Indices closed UP.
S&P 500 @ 2809.92, high 2813.45, low 2766.91
RSI @ 41.67
CMF @ -0.230
Internals were :
UP volume led by 5.51 to 1 in NYSE & 5.58 to 1 in Nasdaq
Advancing stocks led by 5.17 to 1 in NYSE & 4.02 to 1 in Nasdaq
Net new 52 wk lows were leading by 103 in NYSE & 69 in Nasdaq
VIX Down 17.28% @ 17.62
Oil @ $71.92
Gold @ $1231.00
Stocks which were UP 3% or more included AMD ESTC FB
NVDA SPLK SQ MTCH VICR FSLR HUYA BZUN EAF
AMAT AMZN CRUS BABA CIEN CSIQ NFLX OLED
QRVO SHOP TSLA TWTR WB NTNX ROKU CHK
FEYE YELP GS TRIP FNSR MA MS MSFT TSM
NKE KBH V AAL.....
AH news...VICR UP 21.58%, NFLX UP 10.88%
LRCX UP 7.04%, IBM Down 4.71%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was in bullish overdrive as market has discounted many things to a large extent. Internals were extremely powerful with better than 5 to 1 positive action. We may catch some breath tomorrow which must not be taken negatively. Earnings tonight are also strong from NFLX and LRCX which is a leading indicator for semiconductor industry.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi guys,
Bought HUBS @ 133.83 with my remaining cash.
Stocktrader
Hi Stocktrader,
Good luck with HUBS.
Explorer
Hi guys,
Sold MU @ 42.25
As much as I love this company and management's vision, I think commodity semis are too challenged right now, especially as LRCX indicated spending is above expectations.
Bought TENB @ 29.03
I took advantage of the big pullback from highs to re-establish my position here.
Stocktrader
Hi Stocktrader,
Good luck with TENB and HUBS.
Saleem
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