TAPE is quite volatile today on better earnings report. Open was strong then a dive & now recovery.
S&P 500 @ 1842.71, high 1849.31, low 1832.38...so far 17 points swing.
Internals are positive
Oil UP 48 cents
Gold Down $9.50...but most gold stocks are higher...a bullish signal
Canadian $ Down 24 tick @ 91.32
VIX UP 2.57% @ 12.76
Portfolio JKS KOG MU AUY
Most stocks are UP
@ 2.04 following are red :
JKS TRIP EXPE MGA M NFLX MS MA
TSL YHOO LEN CMG YUM LVS V
FSLR SNDK C PANW SBUX X
STLD EGO JCP WUBA CSOD
WLT TRLA Z WYNN GS
YELP MLNX....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
Added to SWKS @ 31.22.
I was very impressed by the story as I mentioned upon buying the initial chunk on Friday. Their broad diversification and the tremendous growth of all things gaining internet accessibility is driving growth and smoothing the traditional seasonality. I think this could lead to multiple expansion over coming months, and think $36-$40 is not unreasonable. Being already past earnings means the risk is also nicely diminished.
Stocktrader
Hi Stocktrader,
Stockcharts agrees with you with a target of $36.50.....
Saleem
Hey Saleem,
Lovely when the technicals line up with the fundamentals :)
CSIQ making a huge intraday charge--JKS starting to follow...
Stocktrader
Hi Stocktrader,
When JKS moves from here it should be a "huge move".....
Saleem
Hey Saleem,
I'm nervous about FCX tomorrow morning, but kind of hoping we get a pop on open, which I'd sell into. It doesn't feel like there's much downside from here given the diversified assets.
WDC is very interesting tomorrow after the bell. I'm not sure there's much downside here either given people have low expectations for revenue growth but possibly upside from margin expansion and/or shareholder friendly measures.
Stocktrader
Hi Stocktrader,
Commodities are under pressure but WDC chart is speaking volume....
Saleem
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