Thursday, November 29, 2018

Indices closed down .11% to .25%......

Indices closed down.

 S&P 500 @ 2737.76, low 2722.94, high 2753.75

 RSI @ 51.75

 CMF @ 0.158

 Internals were :

 Down volume led by 1.35 to 1 in NYSE & 1.10 to 1 in Nasdaq

 Declining stocks led by 1.08 to 1 in NYSE & 1.23 to 1 in Nasdaq

 Net new 52 wk lows were leading by 162 in NYSE & 55 in Nasdaq

 VIX UP 1.62% @ 18.79

 Oil @ $51.45

 Gold @ $1230.40

 AH news....AMBA UP 13.19%, WDAY UP 9.53%

                    VMW UP 9.14%, SPLK UP 4.3%

                    VSLR Down 10.29%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil UP

 AH Gold Down

 About market, TAPE was under mild selling pressure after 3 days of gains, there is lot of uncertainty going into G 20 meeting when it comes to China US trade issues. Internals were negative. Market seems to have found support after Fed changed its interest hike definition. There is only a closing BLOG on Friday's around 7 PM.

 BLOG does NOT give buy or sell.

 Saleem
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12 comments:

  1. stocktrader_1996November 29, 2018 at 6:23 PM

    Hi Explorer,

    Unfortunately, I had obligations and so didn't get to listen to either conference call yet, and might be too tired to try tonight. I might act on the stocks anyways tomorrow though, especially trying to get back SPLK if it fades the gap open higher.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996November 30, 2018 at 6:30 AM

    Hi Saleem,

    Sold PANW @ 185.00 to take profits

    Stocktrader

    ReplyDelete
  3. stocktrader_1996November 30, 2018 at 6:55 AM

    Hi Saleem,

    Trimmed CSOD @ 54.22 to take profits

    Stocktrader

    ReplyDelete
  4. Stocks100November 30, 2018 at 7:03 AM

    Hi Stocktrader,

    Booking profit in PANW & CSOD is a good move $$$

    Saleem

    ReplyDelete
  5. stocktrader_1996November 30, 2018 at 7:19 AM

    Hi Saleem,

    I find myself with cash when I don't want it. I need to find some new picks haha!

    I also am really short on cloud exposure right now, and I'm not quite sure how that happened...

    Stocktrader

    ReplyDelete
  6. stocktrader_1996November 30, 2018 at 7:36 AM

    Hi Saleem,

    Added a small amount to LQDA @ 21.90

    I think it has a glide path into year end with positive sentiment, lack of selling interest due to pre-lockup status still, and no big catalysts until 2019 (which removes the chance of a bad outcome for now).

    Stocktrader

    ReplyDelete
  7. stocktrader_1996November 30, 2018 at 7:48 AM

    Hi Saleem,

    Bought DHI @ 36.98

    I think something's brewing with housing here after a serious pause in buying over the last few months. I think costs in both materials and labor are abating somewhat, and rates are moving back down. This should provide a nice tailwind to a currently under-housed generation of people.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996November 30, 2018 at 7:53 AM

    Hi Saleem,

    Bought SWKS @ 72.01

    As you probably know, this is one of my favorite semiconductor companies. It has the inside track on the 5G explosion coming, and I think the chart signals it has bottomed.

    Stocktrader

    ReplyDelete
  9. Stocks100November 30, 2018 at 8:04 AM


    Hi Stocktrader,

    Good luck with DHI, SWKS and more LQDA...

    Good luck with more picks...

    Saleem

    ReplyDelete
  10. explorerNovember 30, 2018 at 11:12 AM

    Hi Saleem & Stocktrader,

    Sold SPLK calls to book profits

    Explorer

    ReplyDelete
  11. stocktrader_1996November 30, 2018 at 11:48 AM

    Hi Explorer,

    Amazing move on SPLK!

    Stocktrader

    ReplyDelete
  12. Stocks100November 30, 2018 at 12:03 PM


    Hi Explorer,

    Nice comeback strategy....10% plus move in stock equals 100% move in call....$$$$$

    Saleem

    ReplyDelete