Indices closed UP.
S&P 500 @ 2878.38, high 2879.29, low 2856.00
RSI @ 45.16
CMF @ 0.060
Internals were :
UP volume led by 2.85 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 1.92 to 1 in NYSE & 1.93 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & 100 in Nasdaq
VIX Down 2.77% @ 19.32
Oil @ $53.64
Gold @ $1537.20
Stocks which were UP 2% or more included AMD SPWR
MOMO IQ HUYA LYFT ROKU FSLR PRNB JKS MGA
MS ULTA NKE CMG.....
AH news....BZH UP 12.7%, RUBI UP 8.16%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE recovered nicely on optimism about China & US trade talks. This market has gone through ringer on hourly tweets about yes / no / yes / no approach, nobody factored this in their Investment 101. Most sectors participated in today's deeply oversold bounce, we must close strongly on Tuesday to confirm that trend has reversed.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Bought MRVL @ $23.37
Saleem
Hi Saleem,
Good pickup on a pullback.
I get the feeling like the market has bottomed here through for the medium term. A stronger close would confirm that in my mind. We'll see what happens...
Stocktrader
Hi Stocktrader,
YES....I have the same feeling....
TAPE will give its verdict @ close TODAY!
Saleem
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