Indices closed UP.
S&P 500 @ 1878.33, high 1880.60, low 1870.78
RSI @ 55.68
CMF @ 0.158
Internals were :
UP volume led by 1.79 to 1 in NYSE & 2.08 to 1 in Nasdaq
Advancing stocks led by 1.48 to 1 in NYSE & 1.12 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & lows were leading by 23 in Nasdaq
VIX Down 1.86% @ 13.71
Oil @ $101.28
Gold @ $1296.30
AH ER : EBAY Down 4.33%, PNRA Down 4.4%
TWTR Down 11.19%, RFMD UP 6.62%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices strength did not translate into strong internals, also volume was lower than yesterday. Dow & S&P 500 are one day away from making new all time high, Dow 96.26 points away & S&P 500 only 18.96 away, Nasdaq remained @ a distant 9+ days for new highs. TAPE seems difficult to navigate based on lower volume & famous May one day away.
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteOf all the cloud/internet earnings reports this season, I'm looking forward to PFPT (tonight) the most given the potential for accelerating growth. The rest of the companies had such a blowout Q4s that I think it might be hard to match in Q1.
Stocktrader
Hey Saleem,
ReplyDeleteBought FDX @ 136.18 and MS @ 30.579.
Stocktrader
Hey Saleem,
ReplyDeleteI am also interested in a homebuilder as I think the data points have troughed.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with FDX & MS..
Will wait for your analysis of PFPT ER...
Saleem
Hi Stocktrader,
ReplyDeleteI think XHB has seen its low for now...
Saleem
Hey Saleem,
ReplyDeleteBought WLH @ 25.848.
Stocktrader
Hey Saleem,
ReplyDeleteBought M @ 57.008.
Stocktrader