Tuesday, November 6, 2018

Indices closed UP .63% to .68%....NICE !!!!

Indices closed UP.

S&P 500 @ 2755.45, high 2756.82, low 2737.08

RSI @ 48.46

CMF @ -0.013

Internals were :

UP volume led by 1.83 to 1 in NYSE & 1.54 to 1 in Nasdaq

Advancing stocks led by 1.66 to 1 in NYSE & 1.68 to 1 in Nasdaq

Net new 52 wk lows were leading by 36 in NYSE & 37 in Nasdaq

VIX Down .25% @ 19.91

Oil @ $62.21

Gold @ $1226.30

Stocks which closed green included    BIDU SQ
AAPL ESTC BZUN CGC AMD TLRY AMAT
CRUS BABA CIEN LRCX QRVO TWTR WB 
NTNX ALDR TK WB YELP GE TRIP FNSR
MGA MCD ULTA IBM......

AH news ETSY UP 13.03%, TWLO UP 13.98%

               Z Down 18.42%, MTCH Down 8.28%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was in green whole day and closed near high of the day, internals improved to mostly positive. Mid term election results will dictate tomorrows TAPE. Gridlock is what is expected with House going to Democrats. Market is giving all the signal that it wants to go UP.

BLOG does NOT give buy or sell.

Saleem

4 comments:

Stocks100 said...


Hi Stocktrader,

Sold SQ $79.10

Added 140% KORS @ $50.32

Saleem

stocktrader_1996 said...

Hi Saleem,

Very nice trade on SQ!

Good luck with more KORS.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold APPN SAIL VRNS CSOD on this pop.

Taking profits to see what happens next. With the 10-yr hitting highs of the day again, I fear the old fears will come right back into play.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Excellent approach.....booking profit and comfort level is always important...

Saleem