Indices closed UP.
S&P 500 @ 2938.13, high 2948.46, low 2917.12
RSI @ 48.35
CMF @ -0.030
Internals were :
UP volume led by 2.38 to 1 in NYSE & 1.54 to 1 in Nasdaq
Advancing stocks led by 1.71 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 1 in NYSE & lows by 94 in Nasdaq
Oil @ $53.55
Gold @ $1500.90
Stocks which closed UP 1% or more included BZUN LSCC
JKS BIDU MOMO NVDA LULU SHOP WB FEYE NFLX
QRVO JKS ORCL MS ULTA SWKS M....
AH news....RUBI UP 5.45%, ROKU UP 5.49%
SAP UP 6.12%, TOL UP 6.92%
AH futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE reacted to 2 tweets one during trading day and one after close that trade negotiations went well, plus meeting of decision makers in white house. This has been roller coaster of tweets one positive and one negative but the rule of negativity was broken finally? There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold FSLR @ 57.42
There has been some very strange price action on this stock recently that crashed it below the 200 DMA. I'm moving to the sidelines for now.
Bought FSLY @ 24.40
As it consolidates at support, I think it's ready for another leg higher. Short interest is massive and the downgrade today was half-hearted.
Stocktrader
Hi Stocktrader,
Good luck with FSLY...
Saleem
Hi Saleem,
Sold HCAT @ 27.43
It has lagged terribly since purchase, as much of healthcare has, so it hits the chopping block as I look to add to cyclical names.
Bought VICR @ 32.42
One that I consistently watch, I think the recent analyst highlight may bring attention to the name. It's not a matter of "if" for this company, but "when".
Stocktrader
Hi Saleem,
Added a little to PSNL @ 11.38
Stocktrader
Hi Saleem,
Sold NEWR @ 62.01
Despite a chance for a buyout, the execution risk is high in the short term as they transition to the new management team. Additionally, I needed to sell something to fund a different purchase.
Bought SWKS @ 85.05
This seems to be the new "must own" for this cycle. I look for good gains into year end as iPhone builds appear to be ahead of schedule and a potential unwind of the Huawei ban would help also.
Stocktrader
Hi Stocktrader,
Good luck with SWKS VICR and more of PSNL....
Saleem
Post a Comment