Wednesday, January 16, 2019

Indices closed UP .15% to .59%....NICE !!!!

Indices closed UP.

S&P 500 @ 2616.10, high 2625.76, low 2612.68

RSI @ 55.74

CMF @ 0.113

Internals were:

UP volume led by 1.68 to 1 in NYSE & 1.04 to 1 in Nasdaq

Advancing stocks led by 1.79 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new 52 wk highs were leading by 18 in NYSE & 15 in Nasdaq

VIX UP 2.37% @ 19.04

Oil @ $52.31

Gold @ $1293.80

Stocks which were UP 1% or more included IQ MOMO WB
BIDU UAL BZUN SHOP AAL KORS AAPL VICR CGC
TLRY PRNB BABA YY ALDR WYNN YELP SINA
MS ULTA X CNX.....

AH news...ALDR UP 21.89%, CARS UP 7.73%

AH futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed UP but off their highs, S&P 500 and DOW still below 50 DMA. Market is waiting for movement on resolution of issues like shutdown and next meeting date of US & China trade talk, market may have to give a strong message to Washington to resolve or else economy will be impacted in a big way, much more than $5 billion issue.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold HRTX @ 26.01 on a failed breakout

Pain management stocks appear troubled here with the amount of competition.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with next pick / add on....

Saleem