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
7 comments:
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
Hi Stocktrader,
Good luck with MDB....
Added 60% CIEN @ $38.02
Saleem
Hi Saleem,
I think the CIEN reaction is overdone too--good luck with more!
Stocktrader
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
Hi Stocktrader,
Good luck with new picks....
Saleem
Hi Saleem,
Bought VICR @ 31.19
Based on the semiconductor breakout, I'll try this one again.
Stocktrader
Hi Stocktrader,
Good luck with VICR.....
Saleem
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