Indices got hit with profit taking after 10 UP days for Nasdaq.
S&P 500 @ 4698.35, low 4697.82, high 4778.01
RSI @ 66.12
Internals were :
Down volume led by 9.52 to 1 in NYSE & 3.72 to 1 in Nasdaq
Declining stocks led by 2.64 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new highs were leading by 458 in NYSE & 243 in Nasdaq
VIX UP 9.10% @ 13.67
Oil @ $74.22
Gold @ $2047.70
Canadian $ @ .6672
Portfolio CNQ LSPD SOFI GDXJ ABX.TO META MSFT NVDA MUX
This IS a major bull market, ignore days like today, too much money being allocated to equities, always look @ big picture.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Bought MTRN @ 125.43 on long term growth prospects and good chart
Stocktrader
Hi Saleem,
Bought ENPH @ 133.11 on improved business prospects with rates lower and cost cutting measures leading to improved profitability
Stocktrader
Hi Saleem,
Oh gosh I've been looking to get into SNAP today, had an order for 16.80 for a few hours. Now it gets highlighted on CNBC as a "new buy"...
I guess we'll see how it trades as the day goes on but I've been impressed with its price action despite the huge run, and the market cap/user has a long way to go should they actually figure out some monetization levers.
Stocktrader
Hi Stocktrader,
Good luck with MTRN & ENPH....
SNAP is a very good long term hold.....
Good luck with next move!!!
Saleem
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