Wednesday, October 31, 2018

Indices UP 1.44% to 2.62%....NICE !!!!

Indices are higher and confirming this new UP move.Indices are @ high of the day which is a good sign technically speaking.

 S&P 500 @ 2730.36, high 2731.84, low 2705.60

 Internals are positive by 2 to 1 and UP volume running almost 3 to 1 in Nasdaq

 Oil Down 46 cents

 Gold Down $10.60

 Canadian $ Down 53 tick @ .6842

 VIX Down 9.46% @ 21.14

 Portfolio AAPL KORS SQ

 Most stocks are UP

 @ 2.11 PM Following are red :

 AEM GG ESTC CRUS SPWR MCD ABX 
KBH IBM M ......

 BLOG does NOT give buy or sell.

 Saleem
at

4 comments:

  1. stocktrader_1996October 31, 2018 at 11:39 AM

    Hi Explorer,

    I like DAL calls here as oil falls and consumer confidence/spending remains high.

    Stocktrader

    ReplyDelete
  2. explorerOctober 31, 2018 at 12:18 PM

    Hi Stocktrader,

    Thank you for the tip on DAL. I’ll check it out. I have been out of market for almost 2 weeks when I sold my holdings due to uncertainty in the market. Today it’s showing some sign of bottom but better jobs report tomorrow would bring the rates hike on to the cards & put pressure on the indices. Thinking to wait until Monday & act accordingly. Kudos for your earnings winners CHGG, vRNS, BEAT etc

    Hi Saleem,
    I see you are slowly increasing your exposure KORS, APPL. KORS is definitely a good choice getting into earnings next week. AAPL have to see if there is a impact with recent trade issues. Their guidance is key. Good luck

    Explorer

    ReplyDelete
  3. explorerOctober 31, 2018 at 12:22 PM

    Hi Saleem,

    I forgot about SQ, great choice there.

    Market has ignored the negative Chinese data last night which is a positive note.

    Explorer

    ReplyDelete
  4. Stocks100October 31, 2018 at 6:07 PM


    Hi Explorer,

    Thanks for your views on AAPL, KORS & SQ.....

    When market wants to go up, it ignores all the bad news.....

    Good luck to you also.

    Saleem

    ReplyDelete