Indices were mixed @ close.
S&P 500 @ 1685.94, high 1698.38
RSI @ 63.57
CMF @ 0.242
Internals were :
Down volume led by 2.88 to 1 in NYSE & 1.27 to 1 in Nasdaq
Declining stocks led by 3.12 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 141 in NYSE & 204 in Nasdaq
VIX UP 4.11% @ 13.18
Oil @ $105.39
Gold @ $1319.70
AH ER :
Negative reaction LVS Down .45%, STX Down 2.24%
Positive reaction V UP 2.01%,QCOM UP 4.17%,FFIV UP 8.08%
BIDU UP 13.87%, TRIP UP14.90%, FB UP 16.75%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE is getting tired & internals are weak, quick trades are highly desirable.Even though earnings tonight are mostly strong but futures are not reflecting AH good reports .
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteListened to most/all of the MDSO conference call. Business momentum remains strong. They are getting major interest from larger pharma companies as compared to the past ("at-bats" and more they said). Price reaction is stronger than I expected, but it has sold off some recently and there's really nothing stopping the story for now.
TCK conference call is starting now, but the presentation slides were already available. You can see from those slides that TCK's execution is great, their costs are low compared to many peers, and they have identified even more areas of savings. Combined with the shareholder cash returns in the form of dividends and buybacks, and these guys look really good.
Stocktrader
Hi Stocktrader,
ReplyDeleteI am happy for you re MDSO & TCK...
Did a swap from KORS @$64.32 to FB @ absolute low of the day $32.75....
Saleem
Hey Saleem,
ReplyDeleteNice catch on FB!
Stocktrader
Hi Stocktrader,
ReplyDeleteYour MDSO & TCK combined is doing as well as FB.....great picks....
Saleem
Hey Saleem,
ReplyDeleteBought TRLA @ 37.35. Mobile user and monetization should be strong and the stock is resting right near all-time highs.
Stocktrader
Hi stocktrader,
ReplyDeleteGood luck with TRLA....
Saleem
Hey Saleem,
ReplyDeleteSeeing what I did out of TCK today, I decided to sell CLF ahead of their report tonight. Even though they have focused on cost cutting also, the pricing of iron ore in the quarter leaves them more vulnerable to very poor results, taken/planned drastic actions, and/or lagged pricing effects.
It is possible all is fine, but I think now the risk/reward is not as favorable as I thought. I will re-evaluate after their report and call.
Stocktrader
Hey Saleem,
ReplyDeleteForgot to mention price: 18.31.
Stocktrader