Tuesday, April 16, 2019

Indices closed UP .05% to .30%....NICE !!!!

Indices closed UP.

S&P 500 @ 2907.06, high 2916.06, low 2900.71

RSI @ 68.93

CMF @ 0.261

Internals were :

UP volume led by 1.31 to 1 in NYSE & 1.77 to 1 in Nasdaq

Advancing stocks led by 1.23 to 1 in NYSE & 1.28 to 1 in Nasdaq

Net new 52 wk highs were leading by 171 in NYSE & 83 in Nasdaq

VIX Down 1.14% @ 12.18

Oil @ $64.05

Gold @ $1277.20

Stocks which were UP 2% or more included AMD TSLA
MU IQ WB RPKU CGC PRNB AMAT CRUS JKS 
NFLX QRVO ALDR WYNN LVS MS OSTK
SWKS......

AH news...CNSL UP 10.34%, RICK UP 9.16%

                  S Down 7.99%, NTRA Down 6.69%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE staged a modest rally on better earnings, as earnings keeps rolling in, we may see a better quality of bullish action. Internals were all positive and much better than closing Indices numbers. Hopefully we may get confirmation of this rally by close as we inch towards new all time highs, this got to be the most ignored all time highs in the making, which looks very good for further move higher due to low participation.

BLOG does NOT give buy or sell.

Saleem

5 comments:

Raja said...

Saleem,

Again, your insight is great...! your experience and maturity speaks.,,,!



Raja

stocktrader_1996 said...

Hi Saleem,

Sold SWKS @ 93.70 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought WDC @ 53.80

A price breakout and NAND bottoming are reasons for this purchase.

Stocktrader

Stocks100 said...


Hi Raja,

Thanks for your appreciative message.

Saleem

Stocks100 said...


Hi Stocktrader,

Good luck with WDC.

Saleem