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
12 comments:
Hi Stocktrader,
Bought TSLA @ $296.00
Saleem
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
Hi Saleem,
Bought TNA @ 56.81
Small caps should be the biggest beneficiaries of the patient Fed and improving economy still.
Stocktrader
Hi stocktrader,
Good luck with TNA...
Saleem
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
Hi Stocktrader,
Good luck with SAIL...
Saleem
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
Hi Saleem,
Bought TDOC @ 64.29 on the breakout.
Stocktrader
Hi Stocktrader,
Good luck with GRTS....
Saleem
Hi Stocktrader,
Good luck with TDOC....
Saleem
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
Hi Stocktrader,
Good luck with TWST....
Good luck with your new portfolio...
Saleem
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