Indices closed UP.
S&P 500 @ 2813.89, high 2815.15, low 2774.13
RSI @ 56.16
CMF @ 0.084
Internals were :
UP volume led by 3.26 to 1 in NYSE & 2.38 to 1 in Nasdaq
Advancing stocks led by 3.33 to 1 in NYSE & 2.31 to 1 in Nasdaq
Net new 52 wk high were leading by 17 in NYSE & lows by 13 in Nasdaq
VIX Down 17.83% @ 16.36
Oil @ $61.67
Gold @ $1228.70
Stocks which were UP 2% or more included MOMO SQ
AAPL ESTC SPLK BZUN VICR FSLR TLRY AMZN
BABA CIEN CTRP CSIQ GOOG MU NFLX PANW
SHOP TSLA YY ROKU AMD RIG FEYE LNG
WYNN MLNX FNSR MA OSTK MSFT V
AAL.....
AH news....RUBI UP 10.06%, ROKU Down 12.53%
WYNN Down 12.05%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE went into overdrive and improved its technical picture, DOW is above both 200 DMA & 50 DMA, S&P 500 above 200 DMA and very close to 50 DMA, Nasdaq above 200 DMA, these are tell tale of DOW leading other indices into higher ground. Internals were mostly positive and strongest I have seen in a while.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Saleem,
Today is a big day. We ran right back up to resistance from the failed rally attempt we had in mid-October, so we are at a natural point to take some profits. However, the Fed statement today could give indications on how hawkish they remain or if maybe some of the slightly weaker data points on growth and inflation could bring them back more toward neutral. I will be closely watching at 2pm ET to see if my favorite stocks can indeed rally into year end.
Stocktrader
Hi Stocktrader,
I do not expect any rate increase today.
Fed in future will do what it needs to do....
A song comes to my mind
" future is not ours to see "
Good luck with your 2 PM decision...
Saleem
Hi Saleem,
Bought VRNS @ 63.08
Dipping my toe back into some names.
Stocktrader
Hi Saleem,
Bought CSOD @ 52.99
They continue to turn the corner with respect to business model momentum and the new learning products are gaining more traction and really expand the TAM. Although gains might be slow here without a buyout, I think the downside is very limited and upside continues to grow. It's kind of my "defensive" cloud play haha :)
Stocktrader
Hi Stocktrader,
Good luck with VRNS and CSOD.
Doubled my position in BIDU @ $193.88
Saleem
Hi Saleem,
Good luck with more BIDU.
Stocktrader
Hi Saleem,
Bought VICR @ 39.54
This was probably one of the more exciting conference calls I listened to this season so far as they are so in the early innings of their ramp into a chip supplier powerhouse. I think they have both massive future earnings power and buyout potential as the transition to 48V chips is only getting started.
Stocktrader
Hi Saleem,
Bought SAIL @ 25.90
After smoothing for a *pull-forward* deal, this was another beat and raise quarter for SAIL. Their story is as powerful as ever as government and corporations desperately need identity governance to protect all their data. I still like their prospects going forward and profitability is surprisingly nice.
Stocktrader
Hi Saleem,
Bought TENB @ 31.53
The last of my "must haves", these guys are helping corporations assess and understand their vulnerabilities on every device in a quickly changing landscape. They showed impressive growth last quarter and appear to be gaining momentum.
Stocktrader
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