Wednesday, October 23, 2019

Indices closed UP .17% to .28%...NICE !!!!

Indices closed UP.

S&P 500 @ 3004.53, high 3004.78, low 2991.21

RSI @ 57.42

CMF @ -0.056

Internals were :

UP volume led by 2.19 to 1 in NYSE & 1.26 to 1 in Nasdaq

Advancing stocks led by 1.75 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new 52 wk highs were leading by 152 in NYSE & 20 in Nasdaq

VIX Down 3.11% @ 14.01

Oil @ $55.97

Gold @ $1495.70

Stocks which were UP 1% or more included FB IQ HUYA NEM
AEM UBER MTCH PHM AAPL SPLK CGC CRON TLRY
GOOG NFLX PANW NTNX CHK TK RIG GPRO LVS
MS CNX......

AH news....TSLA UP 20.06%, PYPL UP 7.93%

                  LRCX UP 5.58%, NTGR Down 11.76%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE took its time to digest mostly bad earnings but gave it a pass and closed @ high of the day. After hours earnings are mostly stellar which should give Indices to reach near all time highs. Many important earnings are coming before open and after close on Thursday which will set the tone for Thursday and Friday.

BLOG does NOT give buy or sell.

Saleem

1 comment:

stocktrader_1996 said...

Hi Saleem,

Sold CSTL @ 15.40

Even on a great growth day, this can't find a bid. It was more a trade than an investment, and it failed spectacularly.

Stocktrader