Wednesday, September 4, 2019

Indices closed UP .91% to 1.30%....NICE !!!!

Indices closed UP.

 S&P 500 @ 2937.78, high 2938.84, low 2921.86

 RSI @ 53.37

 CMF @ 0.164

 Internals were :

 UP volume led by 7.29 to 1 in NYSE & 3.21 to 1 in Nasdaq

 Advancing stocks led by 4.13 to 1 in NYSE & 2.09 to 1 in Nasdaq

 Net new 52 wk highs were leading by 264 in NYSE & 0 in Nasdaq

 VIX Down 11.85% @ 17.33

 Oil @ $56.26

 Gold @ $1560.40

 Stocks which were UP 3% or more included LSCC MRVL SPWR
TWTR JKS UBER MU LRCX NIU ROKU VICR AMAT WB
WYNN TSM KBH X M ......

 AH news....PANW UP 5.87%, WORK Down 14.03%

 AH Futures UP

 AH Asian Markets UP

 AH Oil & Gold Down

 About market, TAPE closed @ high of the day. Internals were strong. Most sectors participated in today's rally. Semiconductors were strong. Looks like we have another UP day again on Thursday based on futures. Exposure can be increased to get in @ low point in market.

 BLOG does NOT give buy or sell.

 Saleem
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7 comments:

  1. stocktrader_1996September 5, 2019 at 7:35 AM

    Hi Saleem,

    Sold VYGR @ 17.17

    It sliced through the 200 DMA like it was nothing this week. QURE just did a secondary and is not being well received. Although I like the prospects of the company, it seems the market is not ready for biotech right now. Political fears may be part of the problem.

    Bought MDB @ 147.27

    After great earnings, I thought I'd take a try on this. The massive short interest could propel upside should it regain traction.

    Stocktrader

    ReplyDelete
  2. Stocks100September 5, 2019 at 7:36 AM


    Hi Stocktrader,

    Good luck with MDB....

    Added 60% CIEN @ $38.02

    Saleem

    ReplyDelete
  3. stocktrader_1996September 5, 2019 at 8:24 AM

    Hi Saleem,

    I think the CIEN reaction is overdone too--good luck with more!

    Stocktrader

    ReplyDelete
  4. stocktrader_1996September 5, 2019 at 8:46 AM

    Hi Saleem,

    Sold PSNL @ 17.41

    I'm not sure what's wrong with this stock, but a recent IPO should not act this poorly, especially after earnings. I guess I have to move to the sidelines.

    These rally days provide the opportunity to sell laggards ahead of the year end rally in winners. Keeping the portfolio full of winners is definitely the key to maintaining performance through December.

    Stocktrader

    ReplyDelete
  5. Stocks100September 5, 2019 at 9:06 AM


    Hi Stocktrader,

    Good luck with new picks....

    Saleem

    ReplyDelete
  6. stocktrader_1996September 5, 2019 at 9:24 AM

    Hi Saleem,

    Bought VICR @ 31.19

    Based on the semiconductor breakout, I'll try this one again.

    Stocktrader

    ReplyDelete
  7. Stocks100September 5, 2019 at 11:00 AM


    Hi Stocktrader,

    Good luck with VICR.....

    Saleem

    ReplyDelete