Indices closed down.
S&P 500 @ 2643.85, low 2624.06, high 2644.97
RSI @ 56.21
CMF @ 0.344
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.43 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 22 in NYSE & 3 in Nasdaq
VIX UP 8.32% @ 18.87
Oil @ $51.99
Gold @ $1303.10
AH news....SANM UP 21.83%, AKS UP 5.19%
EGHT Down 9.26%, RMBS Down 7.6%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under selling pressure but recovered half of its loss and closed @ high of the day. Slowdown in China has impacted INTC NVDA CAT so far and more to come. Trade talk has taken another setback with HUAWEI being charged for fraud and extradition of CFO from Canada being pursued. These two backdrop causing futures to be negative.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Added to HEAR @ 14.33
My timing this year on buys/sells has been pretty terrible. Both my sells from yesterday got positive activity: VCEL got a buy initiation and a $23 PT, and NIU may benefit from increased subsidies on electric vehicles announced last night by China.
So far this year has been a one step forward, two steps back for me. I hope I can find the right combination of stocks to change that...
Stocktrader
Hi Stocktrader,
This is a very choppy market, everyone gets trapped in downdraft, some more than others.
Stick to your hard work in research which is your forte, you always do well with buy and hold quality stocks...
This is only 1 month out of 12.....
Time to get ahead..
Saleem
Hi Saleem,
Added a tiny bit to ORTX @ 12.05
It is a long term story too hard to ignore.
Stocktrader
Hi Stocktrader,
Good luck with more HEAR & ORTX...
Saleem
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