Indices closed near low of the day.
S&P 500 closed @ 1408.75
RSI @ 36.48
CMF @ -0.089
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.48 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk highs & lows were mixed, +27 in NYSE & <25> in Nasdaq
VIX closed Down 2.66% @ 18.33
Oil closed @ $85.73
Gold closed @ $1701.60
Green close included LEN,CMG,TCK,KORS,
LULU,AAPL,LNKD,GMCR,FB,C,ARNA,
MOS,SBUX,SINA,MS,MLNX,GS.....
AH ER :
FIO Down 9.16%
FFIV Down 10.60%
WYNN UP 3.47%
AKAM UP 6.95%
ZNGA UP 13.67%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, many leaders start to show good technical action. Internals were not that negative, VIX was down also.Thursday AH is mother of all earnings report by AAPL & AMZN. I expect guidance from both to be strong. I am expecting that AAPL & AMZN will turn the tide for this market, sentiment for both stock is extremely negative which is a good contrary indicator.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
I ended up listening to the ELOQ conference call replay last night late. Since it is so small, it was a lot about "storytelling", but it certainly has a bright future and is possibly at an accelerating revenue growth stage for Q4/2013. Global companies are only now discovering ELOQ's marketing lead management capabilities, and the amount of business leads they generated at CRM's Dreamforce conference was massive they said--best ever. I am highly comfortable with holding at these levels and expect nice upside in the months to come.
Stocktrader
Hi Stocktrader,
Technical action is strong in ELOQ..despite market malaise.
Saleem
Hey Saleem,
Added to FIO at open at 25.85.
Stocktrader
Hey Saleem,
Here's an analyst commentary on FIO--pretty much exactly what I said last night:
09:15 EDT FIO Fusion-io shares should be bought on weakness, says Pacific Crest
Fusion-io's results increased Pacific Crest's confidence in the differentiation of the company's technology, and the firm expects the company to benefit from the proliferation of flash technology. The firm maintains a $38 target and Outperform rating on the stock.
Stocktrader
Hi Stocktrader,
Good reinforcement from analyst on FIO.....
Saleem
Hey Saleem,
Go figure--as soon as I sell LF, it *leaps* to the #7 spot on Amazon's top toy sales from hanging around #20 for a couple weeks. It doesn't change my thesis, but I would have kept longer to try and work that Christmas angle.
I think LNKD might be having issues because it doesn't have as clear a mobile monetization pathway as other social sites that are more directed towards consumers.
Stocktrader
Hi Stocktrader,
LNKD is stable around these level...$104 seems to be major support....
LF..you can always buy it back....up only 7 cents....
Saleem
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