Wednesday, August 7, 2019

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2883.98, high 2892.17, low 2825.71

RSI @ 37.10

CMF @ 0.153

Internals were :

Down volume led by 1.02 to 1 in NYSE & .63 to 1 in Nasdaq

Declining stocks led by 1.04 to 1 in NYSE & 1.03 to 1 in Nasdaq

Net new 52 wk highs were leading by 4 in NYSE & lows by 134 in Nasdaq

VIX Down 3.37% @ 19.49

Oil @ $51.09

Gold @ $1519.60

AH news....AMD UP 4.01%, ROKU UP 12.39%

                   STMP UP 12.39%, ANGI Down 23.73%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was subjected to extreme down ward pressure @ open by High Frequency Traders resulting in DOW being down almost 600 points. DOW was the only loser today. Technically we have a confirmed back to back gain in S&P 500 & Nasdaq. Hopefully DOW will participate on Thursday with a green close.

BLOG does NOT give buy or sell.

Saleem


3 comments:

stocktrader_1996 said...

Hi Saleem,

Sold COHU @ 13.18

A lackluster report and poor chart probably makes this dead money for a while.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold IBP @ 53.28 on muted action after earnings

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with new picks....

Saleem