Wednesday, January 30, 2019

Indices closed UP 1.55% to 2.20%....NICE !!!!

Indices closed UP.

 S&P 500 @ 2681.05, high 2690.44, low 2648.34

 RSI @ 60.96

 CMF @ 0.352

 Internals were :

 UP volume led by 4.30 to 1 in NYSE & 3.25 to 1 in Nasdaq

 Advancing stocks led by 4.10 to 1 in NYSE & 2.31 to 1 in Nasdaq

 Net new 52 wk highs were leading by 62 in NYSE & 4 in Nasdaq

 VIX Down 7.68% @ 17.66

 Oil @ $54.23

 Gold @ $1315.50

 Stocks which were UP 4% or more included ESTC FB SQ
NVDA AMD AAPL AMZN BABA JKS ALDR LVS 
MLNX X......

 AH news...FB UP 11.51%, NOW UP 6.6%

                   X Down 6.21%, TSLA Down 4.78%

 AH Futures Mixed

 AH Asian Markets UP

 AH Oil & Gold UP

 About market, TAPE was in overdrive mode when Fed in a unanimous policy statement agreed to be patient in raising interest rates, a rarity in Fed policy making when everyone agrees. Indices closed near high of the day. AH FB beat earnings expectations in every category and showed growth of 9% in DAU & MAU yoy, this surprised every analyst.Expect Nasdaq to show strength in Thursday's session.

 BLOG does NOT give buy or sell.

 Saleem
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12 comments:

  1. Stocks100January 31, 2019 at 6:41 AM


    Hi Stocktrader,

    Bought TSLA @ $296.00

    Saleem

    ReplyDelete
  2. stocktrader_1996January 31, 2019 at 7:20 AM

    Hi Saleem,

    Good luck with TSLA.

    I was slow to re-add today and most of my buy candidates ran away. I want to be patient, but at the same time I feel like growth stocks are really supported by this new Fed stance, which makes them unlikely to fall much.

    I'll figure this out! :)

    Stocktrader

    ReplyDelete
  3. stocktrader_1996January 31, 2019 at 8:10 AM

    Hi Saleem,

    Bought TNA @ 56.81

    Small caps should be the biggest beneficiaries of the patient Fed and improving economy still.

    Stocktrader

    ReplyDelete
  4. Stocks100January 31, 2019 at 8:26 AM


    Hi stocktrader,

    Good luck with TNA...

    Saleem

    ReplyDelete
  5. stocktrader_1996January 31, 2019 at 9:48 AM

    Hi Saleem,

    Rebought SAIL @ 28.26

    After analyzing many of my favorites this morning, this was the best combination of good price and low expectations.

    Stocktrader

    ReplyDelete
  6. Stocks100January 31, 2019 at 9:51 AM


    Hi Stocktrader,

    Good luck with SAIL...

    Saleem

    ReplyDelete
  7. stocktrader_1996January 31, 2019 at 9:55 AM

    Hi Saleem,

    Bought GRTS @ 13.35

    I've been watching this one a while, and I think their personalized cancer treatments might have large broad implications.

    With the Fed in serious dove mode, I think very speculative investments can work.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996January 31, 2019 at 10:06 AM

    Hi Saleem,

    Bought TDOC @ 64.29 on the breakout.

    Stocktrader

    ReplyDelete
  9. Stocks100January 31, 2019 at 10:06 AM


    Hi Stocktrader,

    Good luck with GRTS....

    Saleem

    ReplyDelete
  10. Stocks100January 31, 2019 at 10:07 AM


    Hi Stocktrader,

    Good luck with TDOC....

    Saleem

    ReplyDelete
  11. stocktrader_1996January 31, 2019 at 10:19 AM

    Hi Saleem,

    Used my remaining cash to buy some TWST @ 23.00

    These guys manufacture synthetic DNA which should be huge in the future.

    Stocktrader

    ReplyDelete
  12. Stocks100January 31, 2019 at 10:23 AM


    Hi Stocktrader,

    Good luck with TWST....

    Good luck with your new portfolio...

    Saleem

    ReplyDelete