Indices closed down.
S&P 500 @ 2706.05, low 2687.26, high 2719.32
RSI @ 60.25
CMF @ 0.414
Internals were :
Down volume led by 2.69 to 1 in NYSE & 2.25 to 1 in Nasdaq
Declining stocks led by 2.20 to 1 in NYSE & 2.07 to 1 in Nasdaq
Net new 52 wk high were leading by 36 in NYSE & lows by 1 in Nasdaq
VIX UP 6.44% @ 16.37
Oil @ $52.24
Gold @ $1313.60
AH news...HAIN Down 8.67%, ANGI Down 6.05%
SKX UP 18.23%, MAT UP 17.80%
AH Futures Down
AH Asian markets Mixed
Oil & Gold Down
About market, TAPE was under selling pressure from open but closed above lows of the day in midpoint, culprit seems to be overbought conditions & China US trade seems to be wide apart from any solutions, thus market may remain under pressure for Friday's. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold TNA @ 57.79
I want to go back to stock picking as it appears we are bumping into resistance on the general markets.
Bought MLNX @ 97.54
These guys have performed amazingly well despite some troubles in the datacenter business. I think this sets them up for major gains when the industry turns up again.
Bought SAIL @ 30.04
This stock has held up so well despite the selloff and is one of my favorites still due to valuation and profitability.
Stocktrader
Hi Stocktrader,
Good luck with MLNX & SAIL
Saleem
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