Monday, December 10, 2018

Indices closed UP .14% to .74%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2637.72, high 2647.51, low 2583.23

RSI 40.00

CMF @ 0.071

Internals were :

Down volume led by 2.73 to 1 in NYSE & .87 to 1 in Nasdaq

Declining stocks led by 2.10 to 1 in NYSE & 1.47 to 1 in Nasdaq

Net new 52 wk lows were leading by 794 in NYSE & 501 in Nasdaq

VIX Down 2.54% @ 22.64

Oil @ $51.00

Gold @ $1249.40

Stocks which were UP 2% or more included NVDA SQ
SHOP AMD ESTC SPLK FB TSLA NTNX YELP 
OSTK MSFT PANW.....

AH news...ASNA UP 12.09%, CAMP Down 9.59%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE went deeper into bearish mode by cutting recent lows in S&P 500 & DOW then stage a rebound and closed in green, @ low of the day DOW was down 507 points. This market is facing trade uncertainties between # 1 & # 2 world economies, unless this issue gets resolved, we cannot have any sustained rally.

BLOG does NOT give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hi Saleem,

Sold AMRN @ 16.70

It's just not acting like I think it should have given the non-cyclical nature and a "positive" secondary offering. I think investors are more focused on next-gen biotech solutions.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with your strategy and next pick.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought ORTX @ 15.61

This is a new gene therapy stock, and I thought I'd give it a try.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with ORTX.....

Saleem

Stocks100 said...


Hi Stocktrader,

Sold ROKU @ $35.35

Saleem

stocktrader_1996 said...

Hi Saleem,

This market is so tough. Good luck on your next pick.

Stocktrader