Thursday, August 1, 2019

Indices closed down .79% to 1.05%....

Indices closed down.

S&P 500 closed @ 2953.56, low 2945.23, high 3013.59

RSI @ 44.12

CMF @ 0.147

Internals were:

Down volume led by 2.76 to 1 in NYSE & 2.02 to 1 in Nasdaq

Declining stocks led by 1.87 to 1 in NYSE & 2.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 173 in NYSE & lows by 27 in Nasdaq

VIX UP 10.86% @ 17.87

Oil @ $53.95

Gold @ $1432.40

AH news...APHA UP 31.73%, OLED UP 7.22%

                  FTNT UP 11.36%, GLUU DOWN 28.85%

                  SQ DOWN 6.77%

SQ earnings report was a beat on Sales & EPS by 5 cents, guidance was less than expected by a small amount, EPS short by a penny. Conference call was business as usual, Q 4 could be a better time to be in SQ, thus my exit in AH.

In my portfolio :

Sold IQ @ $17.60

Sold SQ @ $75.48

AH Futures Down

AH Asian Market Down

AH Oil & Gold UP

About market, TAPE was in a tailspin due to tweet about new import tax on Chinese imports. This reversal in market is very disturbing, we have to see how we close on Friday. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

1 comment:

Stocks100 said...


Hi Stocktrader,

Bought BZUN @ $44.78...I had a limit order @ $45.....just checked it nice surprise to get a fill lower than my limit....

Saleem