Indices closed UP.
S&P 500 @ 2673.45, high 2674.35, low 2649.97
RSI @ 42.47
CMF @ 0.062
Internals were :
UP volume led by 2.84 to 1 in NYSE & 3.68 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk lows were leading by 189 in NYSE & 101 in Nasdaq
VIX Down 12.17% @ 18.90
Oil @ $51.63
Gold @ $1222.40
Stocks which were UP 4% or more included SQ NVDA
SHOP CTRP JKS SPWR TSLA TWTR WB NTNX
YELP WYNN LVS TRIP MA AMZN......
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE closed @ high of the day which is a good start in this deeply oversold market. Tonight futures are down BUT IF we can close in green on ' turnaround Tuesday " then we have confirmation that selling was way overdone on December tightening. FANG came to life which IS a good thing, black Friday & Cyber Monday was above expectations, so all is not bad on Wall & Broad.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Added a bit to AMRN @ 17.97 on this secondary
Bought SPLK @ 93.90
There's been multiple positive notes in recent days. I think that bodes well for the quarter. Additionally, I've always been expecting a beat on the government business, and SAIL confirmed that technology spending there might have accelerated.
Stocktrader
Hi Saleem,
Bought PANW @ 166.73
I think expectations are extremely low heading into the quarter which should provide nice upside should results look favorable. It trades so cheaply that I really can't believe it.
Stocktrader
Hi Saleem,
Used my last cash to add to SWN @ 4.92
Natural gas prices are staying high, to the point of lifting the back curve prices too. I think SWN has found support at these levels before, so I am making my last stand.
Stocktrader
Hi Stocktrader,
Good luck with PANW, SPLK and more AMRN SWN....
Saleem
Post a Comment