Wednesday, January 15, 2020

Indices closed UP .08% to .31%...NICE !!!!

Indices closed UP.

S&P 500 @ 3289.29, high 3298.66, low 3280.69

RSI @ 70.64

CMF @ 0.132

Internals were :

UP volume led by 1.05 to 1 in NYSE & 1.51 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new 52 wk highs were leading by 476 in NYSE & 268 in Nasdaq

VIX UP .24% @ 12.42

Oil @ $57.80

Gold @ $1554.00

Canadian $ @ .6955

Portfolio 100% cash

Stocks which were UP 1% or more included TWTR NIO
BZUN SQ MCD NEM AEM SHOP MTCH CGC 
CRON PRNB SNAP MA KBH V.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE zig zagged whole day and closed in green, that is a victory in itself. Signing ceremony became a thank you event for friends, donors and trade delegation in detail, not a way to keep guest waiting on important mission. DOW, S&P 500 and Nasdaq all made new all time highs today but only DOW & S&P 500 made a new all time close.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Sold PSNL @ 11.89 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought SOXS @ 19.32 for protection

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold FAZ @ 26.50

Banks proved they still have earnings power still with great results. With my expectations for a good market this year, I don't see the catalyst for banks to drop much from these levels.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added to IBP @ 73.53 on pullback, looking for continuation of the breakout

Bought SPLK @ 158.93 looking for a breakout

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SOXS,SPLK & more IBP.....

Saleem