Indices closed mixed.
S&P 500 @ 2999.91, high 3002.33, low 2988.80
RSI @ 68.58
CMF @ 0.100
Internals were :
Down volume led by 1.14 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & 1.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 222 in NYSE & 70 in Nasdaq
VIX Down .77% @ 12.93
Oil @ $60.20
Gold @ $1406..70
In my portfolio ...Sold SQ @ $80.05 in AH
AH news....HOOK UP 40.57%, SDRL UP 4.4%
EMKR Down 17.93%, ILMN Down 16.13%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed at all time highs in DOW & S&P 500. Internals were weak due to technology stocks being relatively weak. Market closed near best level of the day which shows buyer coming in and shorts panicking even @ these record high level. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Nice job on the SQ gains!
I almost bought CIEN yesterday with my QURE proceeds, but was afraid there was too much Huawei-negative news baked into the positive momentum. I'm still watching it though because it's one of the few good stocks that isn't overextended in the short term.
Stocktrader
Hi Stocktrader,
Thanks for your technical and fundamental read on CIEN!
Saleem
Hi Saleem,
Added to PS @ 31.97
Looking for the new breakout and I like my thesis.
Stocktrader
Hi Saleem,
Sold BHVN @ 42.95
Drug stocks are very hard right now with attacks from all sides. I think I have to stay away for now and look for easier opportunities.
Stocktrader
Hi Stocktrader,
Good luck with new ideas.
Saleem
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