Indices closed UP.
S&P 500 @ 3246.28, high 3246.84, low 3214.64
RSI @ 67.95
CMF @ 0.126
Internals were :
UP volume led by 1.20 to 1 in NYSE & 1.36 to 1 in Nasdaq
Advancing stocks led by 1.15 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 175 in NYSE & 75 in Nasdaq
VIX Down 1.21% @ 13.85
Oil @ $63.27
Gold @ $1568.80
AH news...CLUB UP 9.47%, WUBA UP 9.26%
MCHP UP 4.32%, PIR DOWN 6.28%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed @ high of the day, internals were positive. So what happened to the market, my rationale is that IRAQI parliament voted to expel all foreign troops out of IRAQ took the the bravado of drone attack with a vote by Democracy, Pompeo talking points not withstanding. When IRAQ does NOT want anyone then IRAN cannot be in focus, thus no reason for US to be in that region?
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sold SOXS @ 20.99
I should have sold it all yesterday, but I think the semiconductor market looks very promising for the upcoming year. Profit taking has commenced, but I'm sure the buyers will be back.
Stocktrader
Hi Saleem,
Bought BABA @ 217.16
As I mentioned prior, I was looking to increase my Chinese exposure as I feel those names could do particularly well this year after a sluggish 2019 (for some of them).
Stocktrader
Hi Stocktrader,
Good luck with BABA....
Saleem
Hi Saleem,
Put that SOXS back on @ 20.16
Taking my cue from AMD, I wonder if semis are getting tired.
Stocktrader
Hi Stocktrader,
AMD had a monster run, it needs a week rest....
Rest are just starting out in Semi....
Good luck with SOXS....
Saleem
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