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

9 comments:

stocktrader_1996 said...

Hi Saleem,

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

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with your long exposure!

Saleem

Raja said...



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

Raja

stocktrader_1996 said...

Hi Saleem,

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

Stocktrader

Stocks100 said...


Hi Raja,

Thanks for your feedback on my analysis, much appreciated!

Saleem

Stocks100 said...

Hi Stocktrader,

Sold MU $58.30

Saleem

stocktrader_1996 said...

Hi Saleem,

Nicely done on MU!

Good luck with the next pick :)

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought IBP @ ~71.30 for fresh breakout

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with IBP...

Saleem