Thursday, May 16, 2019

Indices closed UP .84% to .97%....NICE !!!!

Indices closed UP.

S&P 500 @ 2876.32, high 2892.15, low 2855.80

RSI @ 48.88

CMF @ 0.283

Internals were :

UP volume led by 2.11 to 1 in NYSE & 1.63 to 1 in Nasdaq

Advancing stocks led by 2.19 to 1 in NYSE & 1.44 to 1 in Nasdaq

Net new 52 wk highs were leading by 152 in NYSE & 41 in Nasdaq

VIX Down 7.00% @ 15.29

Oil @ $62.87

Gold @ $1286.20

Stocks which were UP 2% or more included 
LULU SHOP MTCH SPLK CIEN JKS
PANW NTNX TK SPWR MSFT KBH....

AH news...AMAT UP 6.00%, IQ Down 6.13%

                  BIDU Down 10.05%, NVDA UP 2%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was green from open and closed higher, this was a win of 3 days in a row, nice technical action, S&P 500 & Nasdaq are both above 50 DMA & 200 DMA, while DOW is above 200 DMA but still below 50 DMA. Internals were positive all over which is nice to see.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

6 comments:

Raja said...

Saleem,

You forgot about NVDA after hours?

Raja

Stocks100 said...


Hi Raja,

Yes you are correct.

I will add on my report.

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought TENB @ 29.10

Looking to also buy FSLY today when it opens.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought FSLY @ 21.81

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with TENB & FSLY.

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold FSLR @ 58.71

Bought VYGR @ 22.22

I wanted less international exposure and thought VYGR looked good on this pullback.

I'm not sure what to do with LITE and COHU. I feel like they've been beaten down too much, but there's really not likely to be a catalyst for a move higher except that oversold bounce. I should probably just sell, but I'll think about it more over the weekend.

Stocktrader