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
13 comments:
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
Hi Stocktrader,
Good luck with PRNB & AVLR....
Thanks for detailed description of all your stocks, very helpful to me and BLOG readers.
Saleem
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
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
Hi Saleem,
Added to TENB @ 29.22
Stocktrader
Hi Stocktrader,
Bought SQ @ $73.40.
Saleem
Hi Stocktrader,
Good luck with more TENB
Saleem
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
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
Hi Saleem,
Added to SAIL @ 25.36
Stocktrader
Hi Stocktrader,
Good luck with more SAIL.....
Saleem
Hi Saleem,
Bought LULU @ 136.88
Taking advantage in a pullback of one of strongest names as it comes back into support.
Stocktrader
Hi Stocktrader,
Great day to buy stocks, good luck with LULU.....
Saleem
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