Indices closed mixed.
S&P 500 @ 3074.62, low 3072.15, high 3083.95
RSI @ 67.09
CMF @ 0.084
Internals were :
UP volume 1.06 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by .88 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 324 in NYSE & 185 in Nasdaq
VIX UP 2.10% @ 13.10
Oil @ $57.23
Gold @ $1483.70
AH news....MTCH Down 15.57%, SWIR Down 14.01%
FIVN UP 9.13%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE went into Intraday all time highs in S&P 500 and closing all time highs in DOW & Nasdaq. By close we were near lows of the day due to profit taking after setting record back to back. Any pullback is a good chance to get back in strong stocks as they will go on to make series of new highs.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Bought CHGG @ 34.69
After a great quarter and guidance, I think this could have room to run in a beaten down group. High short interest could provide fuel.
Stocktrader
Hi Stocktrader,
Good luck with CHGG.
Bought AMD @ $35.80
Saleem
Hi Saleem,
Rebought CSOD @ 56.61
With earnings out of the way, investors can focus on the potential buyout.
Stocktrader
Hi Saleem,
Good luck with AMD again!
Stocktrader
Hi Stocktrader,
Good luck with CSOD.
Saleem
Hi Saleem,
Bought PTON @ 22.98
I thought the results were really good despite how much the market hates these kinds of stocks right now. With a lockup expiration not coming until next year, maybe it can see a year end run and surprise people.
Stocktrader
Hi Stocktrader,
Good luck with PTON.....
Saleem
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