Indices closed UP.
S&P 500 @ 4660.57, high 4663.46, low 4621.19
RSI @ 73.47
CMF @ 0.305
Internals were :
UP volume led by 2.21 to 1 in NYSE & 2.06 to 1 in Nasdaq
Advancing stocks led by 2.01 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 401 in NYSE & 310 in Nasdaq
VIX Down 5.80% @ 15.10
Oil @ $80.86
Gold @ $1763.90
Canadian $ @ .7578
Portfolio CNX HST MGM SNAP XPEV NCLH UAL
Stocks which were UP 2% or more included HST UAL
BB HOOD AFRM RIOT CCJ COIN M BYD JBLU
SAVE BMBL RCL QCOM QRVO AAL AI MSTR
DASH AMD LYFT UBER NXPI MTCH KBH
ASML TSLA AMZN BABA QS JWN JKS
WYNN OSTK ULTA NKE TLRY.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP after Fed statement confirmed that their policy is as verbalized over & over, skeptics had to cover their short or joined the party as we closed @ high of the day with a brand new all time highs in DOW, S&P 500 & Nasdaq. Internals were positive. Oil along with many things coming down to test their support, even US housing does not look too hot lately.
BLOG does NOT give buy or sell.
Saleem
3 comments:
HI Saleem,
Sold QRVO @ 159.56
Bought LITE @ 86.92
Stocktrader
Hi Saleem,
Regarding the above trade, I think 5G may remain challenged for a few quarters in both revenues and margins which leads to a sluggish stock for now. LITE reported a good quarter and I think the acquisition makes sense.
Sold BMBL @ 51.95
I think people are meeting in other places than just online dating which many find frustrating. MTCH didn't say anything spectacular.
Stocktrader
Hi Stocktrade,
Good luck with LITE...
Saleem
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