Indices closed down.
S&P 500 @ 2912.43, low 2892.47, high 2930.91
RSI @ 57.87
CMF @ 0.110
Internals were :
Down volume led by 2.97 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 2.58 to 1 in NYSE & 2.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 13 in NYSE & 20 in Nasdaq
VIX UP 9.35% @ 34.15
Oil @ $18.84
Gold @ $1694.20
Canadian $ @ .6086
Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR
Stocks which closed green included... DDOG
MSFT AAPL GILD ROKU BIDU BA WB
HUYA FB AMZN FEYE GOOG NFLX
YY LNG OSTK....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was overbought big time Wednesday night, every stock was making another move higher by 7% to 10% AH on FB and other earnings report, FB jumped $30 last night, a sign of euphoria taking place. I have a feeling that we may have made a top in technology stocks for now. I will be looking to reduce my exposure in an opportunistic manner.
BLOG does NOT give buy or sell.
Saleem
17 comments:
Hi Stocktrader,
Sold AMD @ $50.71
Sold TWTR @ $27.65
Both sold in pre market.
Saleem
Hi Saleem,
Good luck with reduced exposure per last night's note.
Maybe you'll find some bargains in coming days! :)
Stocktrader
Hi Stocktrader,
Bought MGM @ $15.60 in pre market
Saleem
Hi Saleem,
Good luck with MGM!
I might buy DKNG and WDC today. Looking to sell AVGO.
Stocktrader
Hi Saleem,
Bought WDC @ 40.10
Stocktrader
Hi Saleem,
Sold AVGO @ 266.75
Stocktrader
Hi Saleem,
Bought DKNG @ 19.25
Stocktrader
Hi Stocktrader,
Good luck with DKNG & WDC....
Saleem
Hi Saleem,
Bought KRA @ 14.25 on this dip
Stocktrader
Hi Stocktrader,
Good luck with KRA...
Saleem
Hi Saleem,
Bought KRA@14.04 on pullback. Added a small position in CNX @10.15
Sold VIR (MRNA news killed it) and CGC (expectation of Legalization in US may come but seems the optimism is fading)
Sharing my holdings : BLPH LVGO CNX KRA HEPA ONEM BHVN OPK NAIL HCAT PS
Market downside has created good opportunities again.
Thanks
Paramjeet
Hi Paramjeet,
Good luck with KRA & CNX...
Good luck with your portfolio!
Saleem
Hi Paramjeet,
Good luck with the new stocks and overall portfolio!
Any thoughts on AMD?
Stocktrader
Thanks Saleem and Stocktrader. AMD below 50 is a great add. The numbers were not too bad based upon the overall macroeconomic situation.
Thanks
Paramjeet
The fall today is mostly linked with Trump indication of Trade war with China 2.0. Dust will settle and AMD will be back to its new highs with economic recovery.
Thanks
Paramjeet
Tech with AMZN is also contributing to the downfall. Joined you both with KRA shares @13.77
Hi Explorer,
Good luck with KRA....
Saleem
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