Indices are green but off their high of the day, there is lot of rethink and analysis of Fed statement and Saudi refinery capabilities as of now, thus a so so session.
S&P 500 @ 3012.97, high 3021.99, low 3007.89
Internals are positive by 2 to 1
Oil UP 21 cents
Gold Down $8.10
Canadian $ UP 35 tick @ .6751
VIX Down .79% @ 13.84
Portfolio AMD BZUN CIEN LSCC SPWR TWTR
Most stocks are UP
@ 1.59 following are red :
LSCC TWTR SQ NVDA FEYE NIU AAPL VICR
CGC CRON AMAT CTRP NFLX QRVO LNG
YELP WYNN LVS TRIP OSTK X M CNX....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Bought HCAT @ 36.75 on this pullback
Stocktrader
Hi Saleem,
Sold VICR @ 32.13
It seems not ready to run after a failed breakout above the 200 DMA. If this really gets going at some point, I'll have time to enter.
Bought CSTL @ 23.18
Yes, I'm back lol. My original thesis was that given the lockup expires after year end, this could be smooth sailing upwards through the end of the year on lack of stock supply. I sold because I feared the ramifications of a Fed reluctant to be accommodative, and I thought the statement yesterday was pretty open to acting appropriately, which is all we can really hope for honestly. Today's news that CSTL is being added to the Russell 2000 at the end of the day tomorrow means even more supply will be gone, so I'm going back to my original thesis and see what happens. The chart picture is getting better also.
Stocktrader
Hi Stocktrader,
Good luck with HCAT & CSTL...
Sold SPWR in last second of regular hours @ $15.10...
Saleem
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