Indices closed UP.
S&P 500 @ 2682.20, high 2682.53, low 2655.89
RSI @ 43.87
CMF @ 0.123
Internals were :
Down volume led my 1.19 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by 1.57 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk lows were leading by 299 in NYSE & 166 in Nasdaq
VIX UP .63% @ 19.02
Oil @ $51.56
Gold @ $1213.40
AH news....NTNX UP 8.74%, CRM UP 8.75%
ZYNE Down 4.27%, RBS Down 5.05%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE surprised most technicians by closing green today a back to back gain to confirm this " double bottom " Internals were negative @ close which is a concern. Many stocks were green today despite internals were negative. IF we close green on Wednesday then it will give boost to many participants and may encourage those sitting on sidelines.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Saleem,
GPU pricing rebound a 'big positive' for AMD and Nvidia, says Mizuho
Graphics processing unit pricing is starting to rebound, which is a "big positive" for AMD (AMD) and Nvidia (NVDA), Mizuho analyst Vijay Rakesh tells investors in a research note. The analyst found evidence that the prices of NVDA 1080 and AMD Radeon have started to rebound in the last two weeks. This is the first price rebound since the protracted GPU price declines since the "Crypto Crazed Pricing Peak" in February of 2018, according to Rakesh. He believes GPU pricing is starting to turn up 10%-15% from the September lows, which points to a faster normalizing of channel inventories and demand elasticity.
Stocktrader
Hi Stocktrader,
Thanks for posting good news about NVDA & AMD....
Saleem
Hi Stocktrader,
Swap done with KORS to PHM
Bought PHM @ $25.55
Sold KORS @ $43.75
Saleem
Hi Saleem,
Good luck with PHM. I continue to watch homebuilders for a potential entry.
Stocktrader
Hi Stocktrader,
Bought AMD @ $20.87
Saleem
Hi Saleem,
Good luck with AMD--risk on!
Stocktrader
Hi Saleem,
The more I look, the more I like AMD here. I'm looking to sell something to maybe pick up some.
Stocktrader
Hi Stocktrader,
AMD is on sale today......
Good luck with your swap....
Saleem
Hi Saleem,
Sold SAIL @ 25.02
Besides needing cash for a potential AMD buy, this stock has been too sluggish for my liking recently. I wonder if new tools from providers like AWS will alleviate some need for independent identity management services.
Stocktrader
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