Wednesday, May 15, 2019

Indices closed UP .45% to 1.13%....NICE !!!!

Indices closed UP.

S&P 500 @ 2850.98, high 2858.68, low 2815.08

RSI @ 43.11

CMF @ 0.193

Internals were :

UP volume led by 1.42 to 1 in NYSE & 1.87 to 1 in Nasdaq

Advancing stocks led by 2.05 to 1 in NYSE & 1.48 to 1 in Nasdaq

Net new 52 wk highs were leading by 69 in NYSE & 17 in Nasdaq

VIX Down 8.97% @ 16.44

Oil @ $62.02

Gold @ $1297.80

Stocks which were UP 2% or more included HUYA TWTR FB
SHOP MOMO MTCH NIU SPLK AMAT GOOG NFLX
OLED NTNX TK.....

AH news...AGIO UP 19.81%, SORL UP 7.14%

                   EDAP Down 16.48%, MXWL Down 4.91%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE recovered nicely from early selling and close near high of the day. Internals were positive. Indices have confirmed this UP move by closing UP 2 days in a row. Many stocks showed renewed strength including most semiconductor stocks. Trade news will remain trigger for both UP and down moves.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Sold TENB @ 29.55 to take profits into the 200 DMA.

Bought QURE @ 62.04 on the breakout and analyst upgrade to $175 from $100

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold TDOC @ 60.83 as it approaches resistance.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good move in booking profit.

Good luck with QURE.

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold NIU @ 8.77

I think it's too hard to figure this one out.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with your new pick.

Saleem