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
9 comments:
Hi Saleem,
I agree, crisis over. I will look to increase long exposure in the morning.
Stocktrader
Hi Stocktrader,
Good luck with your long exposure!
Saleem
Great Judgement....! Appreciate your analysis....!
Raja
Hi Saleem,
Sold some FAZ @ 28.03 to take profits and reduce short exposure
Stocktrader
Hi Raja,
Thanks for your feedback on my analysis, much appreciated!
Saleem
Hi Stocktrader,
Sold MU $58.30
Saleem
Hi Saleem,
Nicely done on MU!
Good luck with the next pick :)
Stocktrader
Hi Saleem,
Bought IBP @ ~71.30 for fresh breakout
Stocktrader
Hi Stocktrader,
Good luck with IBP...
Saleem
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