Indices closed down.
S&P 500 @ 2659.41, low 2657.67, high 2756.89
RSI @ 49.73
CMF @ 0.007
Internals were :
UP volume led by 2.30 to 1 in NYSE & 1.34 to 1 in Nasdaq
Advancing stocks led by 2.71 to 1 in NYSE & 1.31 to 1 in Nasdaq
Net new 52 wk lows were leading by 28 in NYSE & 28 in Nasdaq
VIX UP 3.23% @ 46.70
Oil @ $23.63
Gold @ $1683.70
Canadian $ @ .6024
In my portfolio :
Sold MU $48.08 in pre market
Sold AMD $49.00 in pre market
Sold CNX $8.45
Added 200% SU @ $17.00
Bought DAL @ $22.43 in after hour
Portfolio DAL JD ROKU SU TWTR
Stocks which were UP 1%++ JD TWTR CIEN CNX
JKS LYFT IQ MOMO QCOM WB BYND FB TSLA
LRCX UAL SPLK AMAT OLED WYNN LVS CMG
M......
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong from open but faded completely by close and closed @ low of the day. Internals were mostly positive. Lot of technical analysis is being done on close, for me it is a normal trading pattern when we crash this low. Booking profit on strong open should be followed and opportunistic buying on weakness is highly recommended for a volatile market which we got.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Saleem,
Good luck with DAL.
I think at this point in the cycle we just need patience - patience to see how individual companies are truly affected and for how long. I suspect the volatility in the general market starts to decrease as most investors have placed their bets pending earnings impact news.
Stocktrader
Hi Stocktrader,
Bought CNX @ $8.37
Saleem
Hi Saleem,
Sold ACMR @ 33.92 to take profits
Stocktrader
Hi Saleem,
Good luck with more energy - should be a positive agreement soon.
Stocktrader
Hi Saleem,
Sold SPLK @ 121.42
High growth tech has felt heavy in recent days and I fear their new business acquisition has basically stopped for now.
Stocktrader
Hi Stocktrader,
Good luck with new picks....
Saleem
Hi Stocktrader,
Added 60% CNX @ $8.13
Saleem
Hi Saleem,
Good luck with more CNX!
Stocktrader
Hi Saleem,
Just as I was a little too early to increase exposure as we declined because it wasn't as bad as everyone was saying, I think I was too early to decrease exposure here on the thoughts that we can't get back to normal for quite a while. The market seems very enthusiastic right now - I'll have to see if I can find select opportunities to capitalize on the move higher expected here.
Stocktrader
Hi Stocktrader,
I always believe it is never too late to adjust to any miscalculation...which we are all subjected in any market...sometimes wrong sector...sometime wrong stock in that sector....
Wall street remains charged with extreme emotion of being bullish or bearish on any given day....
Good luck in your rethink!
Saleem
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