Friday, January 25, 2019

Indices closed UP .75% to 1.29%....NICE !!!!

Indices closed UP on agreement to open US government offices, this was a relief to market. China US trade talk resumes coming week, expect positive reaction initially but stalemate may continue for final deal for few months.

S&P 500 @ 2664.76, high 2672.38, low 2657.33

RSI @ 59.92

CMF @ 0.352

Internals were :

UP volume led by 3.63 to 1 in NYSE & 3.62 to 1 in Nasdaq

Advancing stocks led by 3.41 to 1 in NYSE & 2.56 to 1 in Nasdaq

Net new 52 wk highs were leading by 57 in NYSE & 20 in Nasdaq

VIX Down 7.78% @ 17.42

Oil @ $53.69

Gold @ $1304.20

Canadian $ @ .6737

In my portfolio :

Bought BZUN in pre market @ $33.55

Bought FB @ $149.30

Sold AMD @ $21.55

Stocks which were UP 4% or more included BZUN IQ SQ TWTR
AMD HUYA MOMO MU WB CGC JKS SINA X M....

Here is my portfolio weighting :

FB          37.90%

ESTC     17.50%

SQ          17.30%

TWTR    11.50%

BZUN      8.80%

IQ            7.00%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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