Tuesday, August 20, 2019

Indices closed down .66% to .79%....

Indices closed down.

 S&P 500 @ 2900.51, low 2899.60, high 2923.63

 RSI @ 46.73

 CMF @ 0.125

 Internals were :

 Down volume led by 2.43 to 1 in NYSE & 1.65 to 1 in Nasdaq

 Declining stocks led by 1.49 to 1 in NYSE & 1.71 to 1 in Nasdaq

 Net new 52 wk highs were leading by 137 in NYSE & lows by 2 in Nasdaq

 VIX UP 3.67% @ 17.50

 Oil @ $56.13

 Gold @ $1515.70

 AH news....HSII UP 10.01%, CREE Down 3.85%

                    NCR Down 4.76%, UIS Down 4.89%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE closed @ low of the day, an attempt to rally mid day was met with selling. Internals were mostly negative. I will call this day a rest day for Indices with a negative bias. Market is waiting for news IF positive, we will rally and cross some key technical hurdles like 50 DMA.

 BLOG does NOT give buy or sell.

 Saleem
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5 comments:

  1. stocktrader_1996August 21, 2019 at 6:32 AM

    Hi Saleem,

    Bought a full BZUN position @ 47.25

    After earnings and the conference call, I have increased confidence in their market positioning and growth prospects.

    Stocktrader

    ReplyDelete
  2. Stocks100August 21, 2019 at 6:39 AM


    Hi Stocktrader,

    Good luck with BZUN...

    Saleem

    ReplyDelete
  3. Stocks100August 21, 2019 at 7:06 AM


    Hi Stocktrader,

    Sold TWTR @ $43.25

    Added 100% BZUN @ $45.80

    Saleem

    ReplyDelete
  4. stocktrader_1996August 21, 2019 at 7:29 AM

    Hi Saleem,

    Good luck with more BZUN!

    I think the selloff is unwarranted based on what I heard.

    Stocktrader

    ReplyDelete
  5. stocktrader_1996August 21, 2019 at 8:05 AM

    Hi Saleem,

    Sold MOMO @ 33.43 ahead of earnings next week.

    I want to see the numbers first in order to potentially make a larger size decision.

    Stocktrader

    ReplyDelete