Indices closed UP.
S&P 500 @ 3224.01, high 3227.78, low 3222.30
RSI 76.15
CMF @ 0.147
Internals were :
UP volume led by 1.23 to 1 in NYSE & 1.76 to 1 in Nasdaq
Advancing stocks led by 1.23 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 331 in NYSE & 194 in Nasdaq
VIX UP .80% @ 12.61
Oil @ $60.52
Gold @ $1488.70
Stocks which closed green included MRVL MU TWTR
HUYA AMD BYND WB TSM XLNX SPWR JKS
BIDU IQ TSLA NEM AEM FEYE ROKU AAPL
BABA CSIQ OLED NTNX RIG LNG WYNN
ULTA CNX.....
AH news....RMBS Down 4.79%
AH Futures Down
AH Asian markets Mixed
AH Oil & Gold UP
About market, TAPE closed UP and made another closing all time highs. Internals remained positive. Lot of money managers are getting cautious near term which is understandable given the run we had. In strong bull market, nobody knows how high we can go in any stocks, many stocks are making new all time highs which speaks volume about the strength of this TAPE.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold BHVN @ 55.30 to take profits
I'm increasingly uneasy about the competitive landscape, and short interest in biotechs is usually smart (and this one has a lot), so I thought I'd step to the sidelines.
Stocktrader
Hi Saleem,
Sold TRIL @ .904 to take profits on this pop
With extremely limited cash resources, this could easily drop 50% again. Although the technology seems solid, and they appear to be taking the right steps to create as much value as they can here, they need only one thing--a takeover, and that's a hard game to play.
Stocktrader
Hi Stocktrader,
Good move in booking profit$$$$$
Friday is the last day to trade for me for 2019.
Saleem
Hi Saleem,
Sold LK @ 34.44 to take profits
I should have sold early in the day, but I thought it might run again on a breakout. I think these guys still want capital to expand and probably have insiders looking to sell.
Stocktrader
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