Indices closed UP.
S&P 500 @ 2730.20, high 2735.38, low 2670.75
RSI @ 45.81
CMF @ 0.051
Internals were :
UP volume led by 1.92 to 1 in NYSE & 2.90 to 1 in Nasdaq
Advancing stocks led by 1.35 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 298 in NYSE & 179 in Nasdaq
VIX Down 5.98% @ 19.98
Oil @ $56.46
Gold @ $1215.00
Stocks which were UP 4% or more included MOMO SQ
SHOP ESTC VICR TLRY PRNB AMAT CSIQ JKS
MU WB YY SINA.....
AH news...NVDA Down 16.77%, JWN Down 9.29%
AMAT Down 7.77%, AMD Down 5.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed near high of the day with most internals not only positive but strong. AH NVDA came out with earnings well below expectations in all areas, IT will be a real test of this TAPE to see how we close, IF we close MIXED then it will be a victory for bulls. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
This natural gas and LNG story is really starting to intrigue me. I may try to get some more exposure to this area. I'm looking at more SEDG, more SWN, or starting GTLS.
Stocktrader
Hi Saleem,
Sold SPLK @ 99.63
I had to choose something to sell, and this became the one. It sits below the 200 DMA unlike most of my other cloud/software stocks, and I fear how open source (like ESTC) may be starting to hurt them. For some reason they did not act that well after last quarter's great report, weakening even before some of my other tech stocks.
Bought GTLS @ 66.36
The big maker of LNG-creating equipment should have a long runway ahead of it, as well as being a big carrot when it comes to trade talks. I think the risk/reward skews positively here.
Added to SEDG @ 38.35
I continue to like how the charts sets up since my first purchase, and I think managers really look for alternative energy plays these days.
Added to SWN @ 5.38
I couldn't pass up adding to my position as natural gas remains stubbornly above $4 for the first time in years.
Stocktrader
Hi Stocktrader,
Excellent analytical piece on your rationale and execution.
Good luck with GTLS more SEDG & SWN...
Saleem
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