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:
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
Hi Saleem,
Sold NEWR @ 95.49 to take prorfits
Stocktrader
Hi Stocktrader,
Sold NVDA $154.00
Bought ESTC @ $73.80
Saleem
Hi Saleem,
Sold APPN @ 32.23 to take profits
Stocktrader
Hi Saleem,
Good luck with the swap!
Stocktrader
Hi Stocktrader,
Sold MOMO @ $29.75
Saleem
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
Hi Saleem,
Nice profits on MOMO!
Stocktrader
Hi Stocktrader,
Good luck with ACIA again$$$$
Saleem
Hi Stocktrader,
Bought TWTR $33.65
Saleem
Hi Saleem,
Good luck with TWTR.
Stocktrader
Hi Saleem,
Ugh, I almost bought HEAR yesterday.
Stocktrader
Hi Stocktrader,
I see HEAR UP 14.74% on high volume.....
Saleem
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
Hi Stocktrader,
Good luck with HEAR....
Saleem
Hi Saleem,
Added to LQDA @ 13.43 on this pullback
Stocktrader
Hi Saleem,
Trimmed a little SAIL @ 26.61
Bought speculative NIU @ 7.69
Stocktrader
Hi Stocktrader,
Good luck with NIU & more LQDA...
Saleem
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