Indices closed down.
S&P 500 @ 3373.23, low 3341.02, high 3389.15
RSI @ 62.12
CMF @ 0.181
Internals were :
UP volume led by 1.14 to 1 in NYSE & 1.05 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 291 in NYSE & 161 in Nasdaq
VIX UP 8.21% @ 15.56
Oil @ $53.88
Gold @ $1620.50
Canadian $ @ .6737
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which closed green included HUYA
WB TWTR LULU NIO CIEN SQ TLRY
SPWR NEM AEM UAL FEYE FSLR
CGC FFIV YELP ULTA M CNX....
AH news...DBX UP 10.77%, TRUE Down 27.11%
FSLR Down 14.95%, SPCE Down 8.75%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE started green but turned into a mini flash crash for unknown reason, internals were all positive, VIX was UP though, a very strange TAPE for sure. Speculation were rampant in few stocks which are taking on the chin in after hours. Hopefully by close on Friday stability may return.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Trimmed PS @ 19.87
Sold LYFT @ 44.97
Bought AGCO @ 67.86
PS had grown fairly large in my portfolio compared to its risk level, so I trimmed a little to raise cash after this rebound post-earnings drop. LYFT was a good trade for a bounce...but I missed the bounce lol. It is stuck below both moving averages and that's not a good sign in this market.
DE reported good earnings and signaled increasing confidence by farmers. I'll try AGCO here.
Stocktrader
Hi Stocktrader,
Good luck with AGCO...
Saleem
Hi Saleem,
Sold LITE @ 83.09
Bought EHTH @ 140.21
I wanted to get into EHTH for the long runway ahead and needed to sell something to raise cash. LITE is at the center of multiple problems like the China slowdown and a potential Huawei. I'm hoping to re-enter at some later point.
Stocktrader
Hi Stocktrader,
Good luck with EHTH....
Good idea to move into better stocks on a down day.....
Saleem
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