Indices did its usual, closing near upper end of the range & mixed.
S&P 500 closed @ 1405.53
RSI @ 64.23
Internals were :
UP volume led by 1.70 to 1 in NYSE & 2.01 to 1 in Nasdaq
Advancing stocks led by 1.70 to 1 in NYSE & 2.16 to 1 in Nasdaq
New 52 wk highs were leading by 75 in NYSE & 22 in Nasdaq
VIX Down 1.48% @ 14.63
Oil closed @ $94.33
Gold closed @ $1606.60
Stocks which were UP 1% or more included LVS,NTES,JCP,
PCLN,EXPE,LULU,AMZN,FB,AGU,COH,ZNGA,JDSU,
CIEN,FNSR,SNDK......
AH ER :
AMAT Down 3.98%
NTES Down 8.04%
SINA UP 5.21%
CSCO UP 5.42%
NTAP UP 5.49%
NTES ER was below consensus, Sales miss by $18 million, Actual Sales $315.50 million for Q2
EPS was a miss by 3 cents, actual EPS $1.05 for Q2
Advertising Sales grew 42.3% Q/Q & 22.5% Y/Y...bright spot.....
NTES cash on hand $2.2 billion
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continues to mark time for taking out 1422. Staying invested is the right idea.
BLOG does NOT give buy or sell.
Saleem
Good morning to you Saleem
ReplyDeleteRetail is making a come back
Is the public on board and buying again??
If iPad sales and iPhone are an indicator of people behavior the consumer is back!! IMHO, the floor is in,,,,,,,,,,,,,,,,,,,
housing is back and LEN is up--hurray! I got some at $31.25
NTES may yet climb up form here? Good Luck
I am hoping for a green day
VBTA
C
Hi C,
ReplyDeleteBased on NTES cc...the miss looks like a "one time event"..all due to slowing WOW game which is getting an "expansion pack" this Q....
I will be keeping NTES based on cc.
Saleem
Hi C,
ReplyDeleteAbout your question about retail sentiment..
Here is the latest number as of yesterday...
Bullish 36.8% +.4% from last week
Bearish 28.1% +.7% from last week
Neutral 35.1% Down 1.1% from last week
Hope it helps...
Saleem
Long term average is Bullish 39%
Bearish 30%.....
Hey Saleem,
ReplyDeleteInitiated positions in NTAP at 42.90, GHDX at 34.89233, WPRT at 37.4925. Added to FIO at 26.36. I have approximately one position available (~8%) left in buying power.
I tried to pick up some stocks that could move independently of the market (GHDX, WPRT) and then NTAP because I really liked what they had to say and FIO because of the strong trends.
Stocktrader
Hey Saleem,
ReplyDeleteNTAP at 32.90 I meant :).
I was tempted to add to the TZA hedge since I added more stocks, but I felt it wasn't the right time yet.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with your portfolio.
Saleem
SALEEM
ReplyDeleteI really like the action in BIDU and LEN today as I like CSCO 8% pop
APPLE seems to be sitting pretty--rumors abound about Apple TV and a deal for content is in the making for a set top box--with an iPhone in Sept
Yahoo Apple built it --people will come :):):)
thanks you so much for market sentiment analysis-- Help a lot -- I was right on feeling that we in a recovery mode---Wal Mart surprised me however....
CNQ is making a painfully slow recovery..
thanks again
C
Hi C,
ReplyDeleteYou are most welcome....
NTES is getting "royal beating"...
Saleem
SALEEM
ReplyDeleteYOU are oh so correct, NTES is getting creamed
Lets see what the close brings.
I hope for it to have better out come..
some time sanity returns and we may get some love...
SMILE
I should have bought some CSCO last night -but was sacred to go out on a limb
MY biggest loser ERF is getting a lift lately --In a hole as I got it at $24-as is CNQ my second big loser
My IVR is rocking mortgages are coming back in vogue --at least for another year and rumors have it that we may get another QE3? I love the 14% dividend....
C
Hey c,
ReplyDeleteWow on IVR--great chart and dividend. I'll have to look more closely at that one.
Stocktrader
Stacktrader
ReplyDeleteI am into income
So I am sorry that you and Saleem have to listen to my
income directed stocks
My other REITS are ARR, AGNC, NLY, CYS, TWO, PETDX
their are other but these are goodies
Good luck and enjoy the money honey:):):)! Yahoo
I also like the MLP's plus the fact that oil and nat gas are starting to rise in price and the stocks are moving up in concert . KMP, ETP are favorites here.
C
Hey Saleem,
ReplyDeleteI was very fortunate on PANW--sold two days ago at 61.52, bought back yesterday 58.63, now at 65.17. Considering it is the largest stock position in the portfolio, it is really powering gains.
We might be in the final stages of the blowoff? or is this just the breakout and even better gains ahead? I'm not sure, but I'm pleased with my portfolio and safety hedging currently.
Stocktrader
Hey c,
ReplyDeleteI am slightly concerned about how the dividend tax rate might rise significantly under the Democratic fiscal plan. As the stock market moves up, does Obama get the upper hand?
At 10+% dividend though, you can't complain. I just wonder if there will be a better entry point?
Stocktrader
Hi Stocktrader,
ReplyDeleteExcellent trade on PANW....
Market is in "breakout" mode.
Saleem
Stock trader
ReplyDeleteYes all stocks are getting pricey
I say get a small position and if we get a blowoff buy more
I think we go higher from here
C
Saleem
ReplyDeleteis BIDU at a top yet?
LEN seems to be on an absolute tear up!
Let me know if you sell any please
Best regards to all
C
Hi C,
ReplyDeleteI have sell order in BIDU,LEN & AUY...not filled...
Saleem
SALEEM
ReplyDeleteSold LEN for $32.20
Order in for sale of BIDU
Phew what a fantastic day
Who knew
C
Hi C,
ReplyDeleteYou got 3 cents/ share more than me on LEN...
Saleem