Indices closed down.
S&P 500 @ 2900.45, low 2895.45, high 2918.00
RSI @ 66.00
CMF @ 0.243
Internals were :
Down volume led by 1.54 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 16 in Nasdaq
VIX UP 3.45% @ 12.60
Oil @ $63.76
Gold @ $1276.80
AH news...SNBR Down 14.22%, AMKR Down 11.3%
CGC UP 7.12%, URI UP 6.74%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong @ open then faded to slightly down close. Chinese stronger GDP data of 6.4% growth is very good for world commerce. Earnings quality so far has been lackluster. Market is near all time high area and is marking time before jumping to series of all time highs. Quality technology stocks are behaving well even in a down TAPE.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold PLAN @ 34.85
I am still nervous about how the abrupt departure of the CMO may affect the quarter or outlook. I should have sold this a few days ago, but now software is out of favor and I got a worse price.
Bought GNLN @ 23.00
I'll try a flier on this new IPO in a huge growth area.
Stocktrader
Hi Saleem,
Sold SMAR @ 38.61
This was basically a trade on a chart bounce and into earnings. I found another place for "trade" money so I sold.
Bought MPC @ 60.39
With gas prices moving higher and higher, I thought I'd try a trade here.
Stocktrader
Hi Saleem,
Added a little to LQDA @ 8.47
Stocktrader
Hi Stocktrader,
Good luck with GNLN, MPC & more LQDA...
Saleem
Post a Comment