Thursday, September 26, 2019

Indices closed down .24% to .58%....

Indices closed down.

S&P 500 @ 2977.62, low 2963.71, high 2987.28

RSI @ 52.60

CMF @ 0.207

Internals were :

Down volume led by 1.70 to 1 in NYSE & 2.20 to 1 in Nasdaq

Declining stocks led by 1.27 to 1 in NYSE & 2.11 to 1 in Nasdaq

Net new 52 wk highs were leading by 113 in NYSE & lows by 60 in Nasdaq

VIX UP .69% @ 16.07

Oil @ $56.41

Gold @ $1515.20

AH news....EGO Down 4.58%, MU Down 6.95%

                   LVS UP 3.97%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under mild selling as impeachment process moved forward. Anytime there is uncertainty about deep political issue, there is a pause in market momentum, so we did not confirm this positive move from yesterday. Internals were weak. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Sold LITE @ 53.90

This stock hasn't worked for me recently so I think I'll step back for a while. There might be weakness in optical or lasers.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought some PSNL @ 15.49

I liked the relative strength recently as the rest of the recent-IPO market was imploding. The VA contract today is very nice and an analyst upgrade yesterday provides a catalyst.

Added to HCAT @ 32.06

Added to COUP @ 130.57

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with PSNL and with more HCAT COUP....

Saleem