Indices closed mixed.
S&P 500 @ 2640.00, low 2631.05, high 2650.93
RSI @ 55.53
CMF @ 0.362
Internals were:
UP volume led by 1.53 to 1 in NYSE & 2.16 to 1 in Nasdaq
Advancing stocks led by 1.42 to 1 in NYSE & .81 to 1 in Nasdaq
Net new 52 wk highs were leading by 42 in NYSE & 7 in Nasdaq
VIX UP 1.38% @ 19.13
Oil @ $53.31
Gold @ $1315.20
AH news... AMD UP 9.25%, AAPL UP 5.51%
EGHT Down 7.82%, MSTR Down 5.98%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE struggled whole day, by close only DOW was UP. After hour earnings from AMD & AAPL although below consensus are greeted positively as they were not as bad as expected, this should get technology back to positive momentum.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Stocktrader,
Sold IQ @ $19.19
Added 60% TWTR @ $31.85
Saleem
Hi Saleem,
Good luck with the swap.
Stocktrader
Hi Saleem,
Sold TENB @ 26.96 to wait for a better entry
Stocktrader
Hi Saleem,
Sold SAIL @ 27.48
Sold VRNS @ 57.39
Both of these were to take profits, and I get a feeling like value stocks will outperform in the nearer term.
Stocktrader
Hi Stocktrader,
Good moves in booking profits and thinking about new and better strategy.....
2 PM is take off time for markets...thus my switch from IQ to TWTR.....also FB should report more than acceptable numbers which may benefit TWTR AH....
Saleem
Hi Saleem,
My suspicion is that the Fed will talk hawkishly compared to expectations--another reason for my paring back of exposure. It's easy enough to re-allocate if needed.
Stocktrader
Hi Saleem,
Sold TNA @ 54.83 to reduce generic market exposure
Stocktrader
Hi Stocktrader,
Good luck with your strategy.
Saleem
Hi Saleem,
I am pleasantly surprised by our "new" Fed haha :)
Stocktrader
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