Indices closed down.
S&P 500 @ 2467.42, low 2441.18, high 2509.63
RSI @ 25.53
CMF @ -0.061
Internals were :
Down volume led by 4.38 to 1 in NYSE & 4.27 to 1 in Nasdaq
Declining stocks led by 3.97 to 1 in NYSE & 3.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 1736 in NYSE & 1143 in Nasdaq
VIX UP 10.95% @ 28.38
Oil @ $45.88
Gold @ $1267.90
AH news...NKE UP 7.14%, CGC UP 5.62%
CAMP Down 12.06%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE keeps down to new 52 wk lows in all Indices, DOW is now showing a mini death cross which can be erased IF we close UP on Friday. US politics always have drama till the last second, nothing major is ever agreed ahead of deadline, so we wait to see how House passage is played in Senate for added money for wall. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Bought VCEL @ 15.04
Stocktrader
Hi Saleem,
Used the rest of my cash:
Added to VCEL @ 14.95
Added to TENB @ 20.61
Added to NIU @ 6.61
Added to VICR @ 34.04
VCEL showed extremely impressive growth in their last quarter showing adoption of their products much faster than analysts expected. The chart shows a support level here assuming it holds $15 (like I thought it would).
TENB is too cheap for a company growing this quickly. When I listened to their conference call a couple quarters ago, I was struck that it seemed like this company was in early innings still despite being in cybersecurity as they are tied very closely into the booming IoT protection need.
I was pretty small on NIU, but I still love the idea, and wonder if the Chinese stimulus can aid their business.
VICR has been showing such strength recently in this decline, and there were some semi upgrades today based on a 2H '19 rebound. I still think the story is just starting for these guys.
Stocktrader
Hi Stocktrader,
Good luck with VCEL and more VCEL TENB NIU VICR
Saleem
Hi Stocktrader,
Added 400% into AMD @ $17.33
Saleem
Hi Saleem,
Nice timing:
13:27 EDT AMD initiated with a Buy at Daiwa
Daiwa initiated AMD with a Buy and $26 price target.
Stocktrader
Hi Stocktrader,
Thanks for your analyst note about AMD.
Saleem
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