Thursday, January 24, 2019

Indices closed mixed.....

Indices closed closed mixed.

S&P 500 @ 2642.33, high 2647.20, low 2627.01

RSI @ 57.10

CMF @ 0.407

Internals were :

UP volume led by 1.86 to 1 in NYSE & 1.82 to 1 in Nasdaq

Advancing stocks led by 2.15 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk high were leading by 18 in NYSE & lows by 3 in Nasdaq

VIX Down 3.23% @ 18.89

Oil @ $53.13

Gold @ $1285.90

Stocks which were UP 3% or more included AMD IQ SQ
NVDA MOMO MU WB ROKU VICR TLRY AMAT
CIEN LRCX YY RIG FSLR MLNX OSTK...

AH news...INTC Down 6.83%, LLNW UP 5.51%

                 WDC UP 9.24%

AH Futures UP

AH Asian Markets UP

Oil & Gold UP

About market, TAPE closed near high of the day, semiconductor stocks jumped to its highest level since October slump. DOW lagged and closed red. After hour INTC is guiding lower which may be short lived. On Friday's there is only a closing BLOG around 7 PM.

BLOG does NOT give buy or sell.

Saleem


7 comments:

Stocks100 said...

Hi Stocktrader,

Bought BZUN @ $33.55 in pre market...

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with BZUN.

This is probably the least amount of position swapping I've done in a while. I'm both frustrated and pleased with some of my stocks, but I can't find a better idea to replace one currently, especially as I like my current relative diversification.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold AMD @ $21.55

Saleem

Stocks100 said...


Hi Stocktrader,

Bought FB @ $149.30

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with FB.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Oh, great job on AMD too. It's been a huge money maker for you this year!

I actually looked at AMD this morning, and the chart setup looks really good for a run higher I thought.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Thanks for your take on AMD which is absolutely accurate, knowing all that AMD became 40%+ of my portfolio that prompted me to book profit....

AMD reports Tuesday was in no mood to risk it...when portfolio is doing better....

Saleem