Indices closed down.
S&P 500 @ 2917.52, low 2900.50, high 2931.68
RSI @ 59.46
CMF @ 0.264
Internals were :
Down volume led by 1.45 to 1 in NYSE & .74 to 1 in Nasdaq
Declining stocks led by 1.43 to 1 in NYSE & .95 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & lows by 2 in Nasdaq
VIX Down by 2.57% @ 14.42
Oil @ $61.81
Gold @ $1272.00
AH news...OLED UP 13.76%, MELI UP 11.49%
SRCL Down 14.41%, EPAY Down 10.7%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was all over the place but by close it was near it better level of the day. Fed caused some uncertainty that they did not indicate any further cuts in future.SO we had back to back red day but mildly so, I will not read too much into it as today's close was not very convincing for confirmation. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold VICR @ 37.55
Sold LQDA @ 8.65
Just to clear out the rest of the portfolio so I can reset. I still have the TRIL, but it's very small at this point.
Stocktrader
Hi Stocktrader,
Good luck with your reset.
Saleem
Hi Saleem,
You know, this lack of inflation is really important. I probably have to re-deploy funds here as the global central banks remain easy and growth stories continue to thrive in a conducive environment.
Stocktrader
Hi Saleem,
Ok, rebought a few:
Bought VICR @ 38.13
Bought SPLK @ 135.21
I'll try to catch others as charts set up or we get a broader dip.
Stocktrader
Hi Saleem,
Bought STX @ 49.48 on good earnings, chart, and analyst actions.
Stocktrader
Hi Stocktrader,
Good luck with VICR SPLK STX....
Saleem
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