Indices closed UP.
S&P 500 @ 3345.78, high 3347.96, low 3334.39
RSI @ 63.45
CMF @ 0.146
Internals were :
UP volume led by .94 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.87 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 338 in NYSE & 135 in Nasdaq
VIX Down 1.25% @ 14.96
Oil @ $50.95
Gold @ $1570.00
Canadian $ @ .6702
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 2% or more included MU HUYA MOMO
IQ WB TWTR SPWR JKS MSFT NIU PRNB SNAP LVS
OSTK ULTA.....
AH news....SYNA UP 19.12%, PINS UP 16.95%
UBER UP 5.45%, EBAY Down 6.18%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE enjoyed another all time high close in DOW, S&P 500, Nasdaq. Tomorrow it is all about Jobs number 157,500 is what market consensus is + or - can dictate direction of this hyper mode action. It was strange day for internals of this market, a very mixed reading and muted action in VIX.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sold HUYA @ 18.89
The chart is too squishy to maintain the position for now.
Bought LYFT @ 47.92
These ride-sharing companies are marching towards profitability in a duopoly. I think LYFT's pure play characteristics makes it a potential takeover target also.
Stocktrader
Hi Saleem,
Trimed a little IBP @ 75.95
Added to LYFT @ 48.10
Stocktradre
Hi Stocktrader,
Good luck with LYFT.
Saleem
Hi Saleem,
Sold BABA @ 216.46
I needed cash for another investment and this was my least conviction hold based on uncertainty in the Chinese economy.
Bought ADPT @ 32.02
Good chart action recently after the lockup expiration tells me there may be a new leg higher for this burgeoning diagnostic company.
Added a tiny amount to LITE @ 88.30
I was slightly underweight where I wanted to be.
Stocktrader
Hi Stocktrader,
Good luck with ADPT & more LITE....
Saleem
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