Tuesday, January 7, 2020

Indices closed down .03% to .42%.....

Indices closed down.

 S&P 500 @ 3237.18, low 3232.43, high 3244.91

 RSI @ 64.39

 CMF @ 0.094

 Internals were :

 Down volume led by 1.32 to 1 in NYSE & 1.08 to 1 in Nasdaq

 Declining stocks led by 1.30 to 1 in NYSE & 1.20 to 1 in Nasdaq

 Stocks making 52 wks high led by 191 in NYSE & 128 in Nasdaq

 VIX Down .43% @ 13.79

 Oil @ $62.70

 Gold @ $1574.30

 AH news...LTHM Down 14.07%, PIR Down 8.03%

                 CRC UP 10.7%, OCUL UP 8.67%

 AH Futures Down

 AH Asian Markets Down

 AH Oil & Gold UP

 About market, TAPE closed @ low of the day on fear of Iranian retaliation, it came and went with great restraint with no American casualty, a victory of cooler heads in Iran and equally measured and pragmatic approach by President Trump, a major crisis averted. Stocks should continue its bull run in the morning.

 BLOG does NOT give buy or sell.

 Saleem
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9 comments:

  1. stocktrader_1996January 7, 2020 at 7:06 PM

    Hi Saleem,

    I agree, crisis over. I will look to increase long exposure in the morning.

    Stocktrader

    ReplyDelete
  2. Stocks100January 7, 2020 at 7:41 PM


    Hi Stocktrader,

    Good luck with your long exposure!

    Saleem

    ReplyDelete
  3. RajaJanuary 8, 2020 at 2:16 AM



    Great Judgement....! Appreciate your analysis....!

    Raja

    ReplyDelete
  4. stocktrader_1996January 8, 2020 at 6:35 AM

    Hi Saleem,

    Sold some FAZ @ 28.03 to take profits and reduce short exposure

    Stocktrader

    ReplyDelete
  5. Stocks100January 8, 2020 at 6:56 AM


    Hi Raja,

    Thanks for your feedback on my analysis, much appreciated!

    Saleem

    ReplyDelete
  6. Stocks100January 8, 2020 at 6:58 AM

    Hi Stocktrader,

    Sold MU $58.30

    Saleem

    ReplyDelete
  7. stocktrader_1996January 8, 2020 at 6:59 AM

    Hi Saleem,

    Nicely done on MU!

    Good luck with the next pick :)

    Stocktrader

    ReplyDelete
  8. stocktrader_1996January 8, 2020 at 8:43 AM

    Hi Saleem,

    Bought IBP @ ~71.30 for fresh breakout

    Stocktrader

    ReplyDelete
  9. Stocks100January 8, 2020 at 8:48 AM


    Hi Stocktrader,

    Good luck with IBP...

    Saleem

    ReplyDelete