Indices closed UP.
S&P 500 @ 3112.76, high 3119.38, low 3102.53
RSI 56.51
CMF @ 0.414
Internals were :
UP volume led by 2.88 to 1 in NYSE & 1.74 to 1 in Nasdaq
Advancing stocks led by 2.35 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 23 in Nasdaq
VIX Down 7.27% @ 14.80
Oil @ $58.43
Gold @ $1480.20
Stocks which were UP 1% or more included AMD SQ XLNX
JKS CSIQ MU LULU LRCX SHOP ROKU PRNB AMAT
CTRP EXPE GOOG OLED QRVO RIG YELP WYNN
LVS GS MS TRIP SU SWKS NKE X.....
AH news....ESTC Down 14.58%, DRNA Down 8.03%
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was UP and internals improved on another trade progress news. We did not close @ best level of the day after 3 days of selling, but we got a better tone of the market. There is an intense debate of going lower @ lows and going higher @ highs, truth is somewhere in between. Let us hope there is another green close to confirm direction of today's move.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
I was out for a while yesterday...good luck with more MRVL!
Stocktrader
Hi Saleem,
Sold TDOC @ 80.12 on a recent downgrade and elusive profitability
Bought PTON @ 32.31 on the pullback and recent positive initiatives to drive growth
Stocktrader
Hi Stocktrader,
Good luck with PTON....
Saleem
Hi Saleem,
Sold GTLS @ 53.05
This chart is too poor to work this year.
Bought LK @ 28.97
Great chart, great technology, cheap relative to SBUX.
Stocktrader
Hi Stocktrader,
Good luck with LK.
Saleem
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