Monday, August 19, 2019

Indices closed UP .96% to 1.35%...NICE !!!!

Indices closed UP.

S&P 500 @ 2923.65, high 2931.00, low 2913.48

RSI @ 49.57

CMF @ 0.201

Internals were :

UP volume led by 3.46 to 1 in NYSE & 2.97 to 1 in Nasdaq

Advancing stocks led by 2.77 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 197 in NYSE & 19 in Nasdaq

VIX Down 8.61% @ 16.88

Oil @ $56.14

Gold @ $1511.60

Stocks which were UP 2% or more included BZUN CIEN SPWR
TWTR BIDU MOMO IQ TSLA CSIQ NFLX YY NTNX CHK
TK RIG WYNN LVS SINA OSTK KBH X CNX NIU ROKU
FSLR BABA CSIQ NFLX......

AH news....BIDU UP 8.33%, CNQ UP 5.49%

                   IQ Down 9.24%.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed UP on optimism about no recession and possibility of trade deal between US & CHINA. Technology had a good day today due to HUAWEI now OK for further 90 days. Sounds like a relief rally today for technology. Let us see how we close on Tuesday to know the technical health of this market.

BLOG does NOT give buy or sell.

Saleem

1 comment:

stocktrader_1996 said...

Hi Saleem,

Sold the rest of my BCEL @ 20.02

I couldn't help but take profits in such a volatile name and after this big run.

Stocktrader