Wednesday, December 11, 2019

Indices closed UP .11% to .44%...NICE !!!!

Indices closed UP.

S&P 500 @ 3141.63, high 3143.98, low 3133.21

RSI @ 61.54

CMF @ 0.366

Internals were :

UP volume led by 1.35 to 1 in NYSE & 1.34 to 1 in Nasdaq

Advancing stocks led by 1.88 to 1 in NYSE & 1.32 to 1 in Nasdaq

Net new 52 wk highs were leading by 161 in NYSE & 75 in Nasdaq

VIX Down 4.40% @ 14.99

Oil @ $58.76

Gold @ $1475.00

Stocks UP 2% or more included CIEN LSCC MRVL TWTR
TSM XLNX SPWR CSIQ JKS FSLR HUYA LYFT NEM
AEM MU LRCX AMAT CRUS BABA CTRP FFIV
QRVO TK LVS SWKS KBH.....

AH news...LULU Down 4.52%, TLRD Down 3.71%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed near high of the day thanks to Fed policy statement which was super bullish for stock market. All we need is a news for close to trade deal between US & CHINA, that will propel markets into series of new highs and best year end rally in a while.

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hi Saleem,

Sold CRWD @ 48.12 on this pop

Upon further thought, cybersecurity is too crowded even for the best player in the space. The chart tells me that people aren't ready to come in yet.

Bought PTON @ 31.66

Three positive analyst actions and commentary today, coupled with a chart that's held the $30 support level, could provide renewed upside.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with PTON.

Saleem

Stocks100 said...

Hi Stocktrader,

Bought MOMO @ $35.22

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with MOMO!

Stocktrader