Indices closed down.
S&P 500 @ 2905.58, low 2896.48, high 2909.60
RSI @ 68.64
CMF @ 0.248
Internals were :
Down volume led by 1.47 to 1 in NYSE & 1.53 to 1 in Nasdaq
Declining stocks led by 1.21 to 1 in NYSE & 1.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 145 in NYSE & 65 in Nasdaq
VIX UP 2.58% @ 12.32
Oil @ $63.40
Gold @ $1291.30
AH news...HCC UP 4.58%, DQ UP 4.98%
KBH Down 5.04%, BJ Down 4.19%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE tried to digest earnings report from financials and it was not as expected, despite this negative news market closed near high of the day. Internals were mostly negative. This digestive phase is nothing to be worried about, it is healthy. Hopefully, we may have better tone in the market and should close in positive.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Bought QURE @ 57.46
With six presentations coming at next week's conference, and the chart looking like a good bounce off the 50 DMA, I think it might be a smart time to enter.
Stocktrader
Hi Saleem,
Sold ORTX @ 19.59
Ahead of the lockup expiration, and already-released partial data for next week, I thought it best to head to the sidelines for now and try a different gene therapy play.
Bought VYGR @ 20.55
Bouncing off support at $20, and ahead of data next week, I thought I'd give this one a try.
Stocktrader
Hi Stocktrader,
Good luck with QURE & VYGR
Saleem
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