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
12 comments:
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
Hi Saleem,
Sold PANW @ 185.00 to take profits
Stocktrader
Hi Saleem,
Trimmed CSOD @ 54.22 to take profits
Stocktrader
Hi Stocktrader,
Booking profit in PANW & CSOD is a good move $$$
Saleem
Hi Saleem,
I find myself with cash when I don't want it. I need to find some new picks haha!
I also am really short on cloud exposure right now, and I'm not quite sure how that happened...
Stocktrader
Hi Saleem,
Added a small amount to LQDA @ 21.90
I think it has a glide path into year end with positive sentiment, lack of selling interest due to pre-lockup status still, and no big catalysts until 2019 (which removes the chance of a bad outcome for now).
Stocktrader
Hi Saleem,
Bought DHI @ 36.98
I think something's brewing with housing here after a serious pause in buying over the last few months. I think costs in both materials and labor are abating somewhat, and rates are moving back down. This should provide a nice tailwind to a currently under-housed generation of people.
Stocktrader
Hi Saleem,
Bought SWKS @ 72.01
As you probably know, this is one of my favorite semiconductor companies. It has the inside track on the 5G explosion coming, and I think the chart signals it has bottomed.
Stocktrader
Hi Stocktrader,
Good luck with DHI, SWKS and more LQDA...
Good luck with more picks...
Saleem
Hi Saleem & Stocktrader,
Sold SPLK calls to book profits
Explorer
Hi Explorer,
Amazing move on SPLK!
Stocktrader
Hi Explorer,
Nice comeback strategy....10% plus move in stock equals 100% move in call....$$$$$
Saleem
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