Indices closed down.
S&P 500 @ 3037.56, low 3023.19, high 3046.99
RSI @ 61.54
CMF @ 0.046
Internals were :
Down volume led by 2.26 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.06 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk highs were leading by 126 in NYSE & 26 in Nasdaq
VIX UP 7.22% @ 13.22
Oil @ $54.18
Gold @ %1514.80
AH news...QRVO UP 10.05%, FTNT UP 7.31%
CASA Down 25.60%, PINS Down 20.10%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was down today due to tension between USA & CHINA over trade issues. Good earnings were ignored and major gains in most stocks evaporated by close. Tension between President & Fed flared UP again with a tweet. Hopefully we will end the week on a positive note. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteGood luck with more LSCC!
PINS looking rough this morning--anything new tech needs to be perfect else it gets crushed.
Stocktrader
Hi Saleem,
ReplyDeleteSold HUBS @ 154.66
Sold PINS @ 20.72
Cutting the laggards into strength.
Stocktrader
ReplyDeleteHi stocktrader,
Good luck with next picks....
In to home stretch$$$$$$
Saleem
Hi Saleem,
ReplyDeleteSold IBP @ 73.65 to take profits
Stocktrader
Hi Saleem,
ReplyDeleteSold SWKS @ 98.27 to take profits
Stocktrader
Hi Saleem,
ReplyDeleteBought LITE @ 64.89
The sentiment going into the quarter was skeptical enough that I think there's room to run here given the nice beat and raise. The breakout appears to be in earlier stages.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with LITE....
Nice profit with IBP & SWKS...
Saleem