Indices closed down.
S&P 500 @ 2820.00, low 2793.15, high 2874.14
RSI @ 49.45
CMF @ -0.105
Internals were :
Down volume led by 8.25 to 1 in NYSE & 3.00 to 1 in Nasdaq
Declining stocks led by 6.38 to 1 in NYSE & 4.30 to 1 in Nasdaq
Net new 52 wk lows were leading by 73 in NYSE & 54 in Nasdaq
VIX UP 6.78% @ 35.28
Oil @ $25.29
Gold @ $1716.40
Canadian $ @ .5908
Portfolio AAL APA CNX CLDR MGM SU
Stocks which closed green included JD NVRX UBER
DDOG MESO MRNA SHOP NEM AEM AMZN
NFLX PANW OSTK PANW....
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was on the defensive right after open and closed @ low of the day. Famous Wall Street guru David Tepper lit more fire by saying this is the second most overvalued market since 1999 2000 bubble. These wild bearish statements actually brings a bottom in a hurry, so there is good news there. Always book your profit, a mantra one must practice or you lose all profit in a hurry.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Stocktrader,
Sold CLDR @ $7.80
Completely out of technology stocks
Saleem
Hi Stocktrader,
Bought JD @ $46.90
They report before open Friday
Saleem
Hi Saleem,
Good luck with the moves!
I wonder if I'll finally get my DDOG chance. They just need a few down days and then announce a secondary and maybe I can get it in the low 50s :)
Stocktrader
Hi Stocktrader,
You have all the steps in right order for DDOG....
It just needs to announce
Saleem
Hi Saleem and Stocktrader,
Market is behaving like a roller coaster.
Added more AVYA at 11.96 --> Relative valuation seem to be reasonable in favor or reward than risk.
Added more LVGO at 57.40 --> Lot of institutional interest on this one.
ATL, OPK, PS, ONEM (reported yesterday) showing good strength in the down market.
Thanks
Paramjeet
Hi Paramjeet,
Good luck with more AVYA & LVGO
Saleem
Hi Paramjeet,
I'm not sure if high growth tech wants to sell off or not here - hard to call.
Good luck with more AVYA - I think they are a medium term winner for sure.
LVGO continues to power forward!
Stocktrader
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