Indices closed down.
S&P 500 @ 2695.95, low 2621.53, high 2696.15
RSI @ 46.82
CMF @ 0.131
Internals were :
Down volume led by 1.96 to 1 in NYSE & .75 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk lows were leading by 806 in NYSE & 452 in Nasdaq
VIX UP 2.17% @ 21.19
Oil @ $51.49
Gold @ $1247.60
AH news.....AVGO UP 4.73%, YELP UP 4.62%
ULTA Down 5.09%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was in selling overdrive again and DOW tumbled 780 points but recovered to 79 points down @ close, reason for recovery given was a "softer Fed ". Jobs report @ 830 may swing markets in extreme again hot means down cold means UP. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Stocktrader,
Sold AMD @ $20.45
Bought BZUN @ $35.65
Saleem
Hi Saleem,
Good luck with the swap.
AMD is crazy volatile for such a highly traded stock.
Stocktrader
Hi Saleem,
Sold SWKS @ 69.36
Despite what looks like a bottoming pattern on the chart, I think I might be too early as semi estimates appear to keep coming down.
Added to PLAN @ 28.12
I didn't get my full amount yesterday due to low cash, so I filled up a bit here.
Bought COUP @ 61.72
Another company with a unique niche and after reporting a great quarter.
Stocktrader
Hi Saleem,
Trimmed a little DHI @ 37.18 to raise cash
Despite good price action, the outlook is still troubling even with the lower rates.
Added to COUP @ 61.59
I had been a bit short on cash, but this completes the position sizing.
Stocktrader
Hi Stocktrader,
Good luck with COUP+ and more PLAN...
Today looks like " extreme pain day & then relief"
Saleem
Hi Saleem,
Market is bleeding again. It is more so creating opportunities and could recover in a flash since there is no inherent weakness in the US economy. The geopolitical aspects, trade/tariff noise is taking its toll. Interest rate element is settling down now.
I am invested although, down in value in the last few sessions.
Stocktrader, I bought COUP too @60.75 and added some of TRIL (too oversold-. ASH was not too bad for TRIL - Stock is highly manipulated though..).
Happy Weekend!
Thanks
Paramjeet
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