Thursday, January 17, 2019

Indices closed UP .67% to .76%....NICE !!!!

Indices closed UP.

S&P 500 @ 2635.96, high 2645.06, low 2606.36

RSI @ 58.12

CMF @ 0.149

Internals were :

UP volume led by 2.73 to 1 in NYSE & 3.10 to 1 in Nasdaq

Advancing stocks led by 2.46 to 1 in NYSE & 1.69 to 1 in Nasdaq

Net new 52 wk highs were leading by 10 in NYSE & 2 in Nasdaq

VIX Down 5.15% @ 18.06

Oil @ $52.07

Gold @ $1292.30

Stocks which were UP 2% or more included AMD IQ MOMO SQ
HUYA ROKU LULU VICR FSLR AMAT LRCX NTNX ALDR 
WYNN X.....

AH news...NFLX Down 3.82%, PRGS Down 11.23%

                   CASA Down 24.25%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE continued its bullish run resulting in DOW & S&P 500 closing above 50 DMA, now all major indices are above 50 DMA on a closing basis, while we will celebrate this landmark after major slump, S&P 500 will be hitting mini overbought condition along with Nasdaq when RSI goes above 60, so be careful from hereon. RUT is already above 60.63 as of tonight closing. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

18 comments:

stocktrader_1996 said...

Hi Saleem,

Two days in a row one of my companies was featured on Mad Money--that's pretty lucky! NEWR two days ago, APPN last night.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold NEWR @ 95.49 to take prorfits

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold NVDA $154.00

Bought ESTC @ $73.80

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold APPN @ 32.23 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Good luck with the swap!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold MOMO @ $29.75

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought ACIA @ 43.14

I expect a very good quarter and guidance given their strong results prior and likely continued momentum in optical overall.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Nice profits on MOMO!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with ACIA again$$$$

Saleem

Stocks100 said...


Hi Stocktrader,

Bought TWTR $33.65

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with TWTR.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Ugh, I almost bought HEAR yesterday.

Stocktrader

Stocks100 said...

Hi Stocktrader,

I see HEAR UP 14.74% on high volume.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought HEAR @ 17.14

Based on the chart it has $1 of downside and many $ upside potential. I think their trend is more durable than the market expects currently, and the paying off of all their debt plus the availability of a stock buyback program was one of the best announcements made during the big market downturn and otherwise would have gotten more attention.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with HEAR....

Saleem

stocktrader_1996 said...

Hi Saleem,

Added to LQDA @ 13.43 on this pullback

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Trimmed a little SAIL @ 26.61

Bought speculative NIU @ 7.69

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with NIU & more LQDA...

Saleem