Wednesday, December 19, 2018

Indices closed down 1.49% to 2.17%.....

Indices closed down.

 S&P 500 @ 2506.96, low 2488.96, high 2585.29

 RSI @ 28.35

 CMF @ -0.070

 Internals were :

 Down volume led by 3.40 to 1 in NYSE & 4.65 to 1 in Nasdaq

 Declining stocks led by 2.58 to 1 in NYSE & 2.93 to 1 in Nasdaq

 Net new 52 wk lows were leading by 1161 in NYSE & 810 in Nasdaq

 VIX unchanged @ 25.58

 Oil @ $47.20

 Gold @ $1256.40

 Stocks which closed green included ESTC PANW TK
LNG YELP MLNX ORCL OSTK....

 AH news....TLRY UP 14.56%

 AH Futures UP

 AH Asian Markets Down

 AH Oil & Gold Down

 About market, TAPE anticipated and greeted Fed hike and statement with predictable moves, before UP 350 points on DOW then lost that then moved UP almost 300 points then lost that and closed down 351 points after being down 500 points prior to close. IF you listen to market vs how technicians and traders felt, it was a classic case of market being right. My interpretation of market and TAPE is Fed have it perfect that resulted in TAPE recovering from 500 loss and closing @ 351. Noticed VIX was unchanged on such a bad decision by Fed, VIX disagrees and I agree with VIX & FED.

 BLOG does NOT give buy or sell.

 Saleem
at

9 comments:

  1. stocktrader_1996December 20, 2018 at 7:28 AM

    Hi Saleem,

    I reduced some exposure in charts that were failing:

    Sold HUBS @ 122.41

    Sold PYPL @ 83.90

    Sold PLAN @ 24.32

    Stocktrader

    ReplyDelete
  2. stocktrader_1996December 20, 2018 at 7:32 AM

    Hi Saleem,

    Sold VICR @ 34.82

    Sold APPN @ 26.06

    Stocktrader

    ReplyDelete
  3. Stocks100December 20, 2018 at 7:45 AM

    Hi Stocktrader,

    Bought AMD @ $18.60.

    Good luck with your strategy.

    Saleem

    ReplyDelete
  4. stocktrader_1996December 20, 2018 at 8:02 AM

    Hi Saleem,

    Sold COUP @ 60.67

    Stocktrader

    ReplyDelete
  5. stocktrader_1996December 20, 2018 at 8:02 AM

    Hi Saleem,

    Good luck with AMD.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996December 20, 2018 at 8:38 AM

    Hi Saleem,

    Bought TENB @ 21.99

    I think it already took its pain, and valuation is supported here. There's 10% more downside possible if the market keeps falling though.

    Stocktrader

    ReplyDelete
  7. stocktrader_1996December 20, 2018 at 8:53 AM

    Hi Saleem,

    Bought HUBS @ 115.72

    Bought APPN @ 24.49

    Buying back some names after an intraday 5%+ drop.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996December 20, 2018 at 9:00 AM

    Hi Saleem,

    Bought VICR @ 34.47

    It just refuses to drop and does have a bright future. Maybe investors are looking behind this weak patch towards that.

    Stocktrader

    ReplyDelete
  9. Stocks100December 20, 2018 at 9:20 AM


    Hi Stocktrader,

    Today looks like "final flush on optimum fear "

    Good luck with HUBS APPN VICR TENB

    Yes....today could be bottom for stocks and market....

    Saleem

    ReplyDelete