Indices closed mixed as more questions being raised about US China trade negotiations goes through its steps.
S&P 500 @ 2808.48, low 2803.46, high 2815.00
RSI 2 63.50
CMF @ 0.120
Internals were :
Down volume led by 1.34 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 1.24 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 41 in Nasdaq
VIX UP .67% @ 13.50
Oil @ $58.61
Gold @ $1295.10
AH news....HEAR Down 12.25%, DOCU Down 7.22%
PVTL Down 7.14%, SMTX UP 9.69%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was dealing with many cross currents from weak Chinese and US data. US China trade talks need more time. Today's TAPE was more a consolidation of gains in last several weeks. We should be able to start making series of new highs shortly. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold HEAR @ 13.90
After much lowered guidance, this stock is probably asleep for a while. I'll look for another opportunity. I should have believed the short interest.
Stocktrader
Hi Saleem,
Bought RUN @ 14.75
I think the future of residential solar is bright (haha!), and RUN is best positioned to capitalize. The chart looks setup for a move higher after a resting period, so I'll try my luck here.
Stocktrader
Hi Stocktrader,
Good luck with RUN...bright it is.....
Saleem
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