Thursday, November 8, 2018

Indices closed mixed....

Indices closed mixed.

 S&P 500 @ 2806.83, low 2794.99, high 2814.75

 RSI @ 55.09

 CMF @ 0.131

 Internals were :

 Down volume led by 1.85 to 1 in NYSE & 1.41 to 1 in Nasdaq

 Declining stocks led by 1.26 to 1 in NYSE & 1.18 to 1 in Nasdaq

 Net new 52 wk lows were leading by 37 in NYSE & 16 in Nasdaq

 VIX UP 2.20% @ 16.72

 Oil @ $60.67

 Gold @ $1225.10

 AH news....HTZ UP 20.93%, SYNA UP 9.22%

                    YELP Down 27.47%, SWIR Down 8.72%

 AH Futures Down

 AH Asian Markets Down

 AH Oil & Gold Down

 About market, TAPE was in wait and read mode for Fed statement which offered no surprise employment getting stronger and business investment getting moderate, sees gradual rate increase which is a desirable approach. Tomorrow we may see rethink about Fed reaction, hopefully we close green. There is only a closing BLOG on Friday's around 7 PM.

 BLOG does NOT give buy or sell.

 Saleem
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13 comments:

  1. stocktrader_1996November 9, 2018 at 6:52 AM

    Hi Saleem,

    Added a few more positions:

    Bought PRNB @ 24.28

    This stock has held up very well during the big Nasdaq decline and I think it could move higher into year end as its backing is strong.

    Bought AVLR @ 30.80

    I continue to like the idea of this company and have been following it looking for an entry. The biggest complaint on the stock has always been the valuation given their more modest growth, but recently valuation has come down and I think momentum and market is building, making it a nice play.

    Stocktrader

    ReplyDelete
  2. Stocks100November 9, 2018 at 6:59 AM


    Hi Stocktrader,

    Good luck with PRNB & AVLR....

    Thanks for detailed description of all your stocks, very helpful to me and BLOG readers.

    Saleem

    ReplyDelete
  3. stocktrader_1996November 9, 2018 at 7:24 AM

    Hi Saleem,

    Sometimes I'm in too much of a run to put down all my thoughts, but I try to give rationale whenever I can.

    The massive run in GRTS has me thinking hedge funds play games with these new IPOs into year end. I think it's something worth thinking about not only this year, but for years to come.

    Stocktrader

    ReplyDelete
  4. Stocks100November 9, 2018 at 7:42 AM


    Hi Stocktrader,

    Hedge funds team up to run UP or DOWN any stock with their collective might....thus knowing fundamental of all stock in portfolio is very important.....

    Saleem

    ReplyDelete
  5. stocktrader_1996November 9, 2018 at 8:42 AM

    Hi Saleem,

    Added to TENB @ 29.22

    Stocktrader

    ReplyDelete
  6. Stocks100November 9, 2018 at 8:59 AM


    Hi Stocktrader,

    Bought SQ @ $73.40.

    Saleem

    ReplyDelete
  7. Stocks100November 9, 2018 at 9:00 AM


    Hi Stocktrader,

    Good luck with more TENB

    Saleem

    ReplyDelete
  8. stocktrader_1996November 9, 2018 at 9:07 AM

    Hi Saleem,

    Good luck with SQ again.

    Many of these tech stocks came right back into support levels they broke out from earlier in the week. If anything the risk/reward seems favorable here.

    Stocktrader

    ReplyDelete
  9. Stocks100November 9, 2018 at 9:11 AM


    Hi Stocktrader,

    Technically indices and stocks are ripe for major upturn.....

    Today could be the last successful test for market and stocks....

    When gloom is this thick...I get very bullish!

    Saleem

    ReplyDelete
  10. stocktrader_1996November 9, 2018 at 9:17 AM

    Hi Saleem,

    Added to SAIL @ 25.36

    Stocktrader

    ReplyDelete
  11. Stocks100November 9, 2018 at 9:35 AM


    Hi Stocktrader,

    Good luck with more SAIL.....

    Saleem

    ReplyDelete
  12. stocktrader_1996November 9, 2018 at 11:50 AM

    Hi Saleem,

    Bought LULU @ 136.88

    Taking advantage in a pullback of one of strongest names as it comes back into support.

    Stocktrader

    ReplyDelete
  13. Stocks100November 9, 2018 at 12:19 PM


    Hi Stocktrader,

    Great day to buy stocks, good luck with LULU.....

    Saleem

    ReplyDelete