Indices closed mixed but S&P 500 made a new all time closing high.
S&P 500 @ 1987.01, 1989.23, low 1982.44
RSI @ 60.57
CMF @ 0.298
Internals were :
UP volume led by 1.05 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 1.38 to 1 in NYSE & .99 to 1 in Nasdaq
Net new 52 wk highs were leading by 151 in NYSE & 37 in Nasdaq
VIX Down 5.88% @ 11.52
Oil @ $103.12
Gold @ $1304.70
Stocks which were UP 1% or more included EGO FB
YHOO LNKD TSLA AAPL LEN TSLA SINA
SU EBAY INVN YNDX C JCP SPLK X
DATA MS GS TRIP......
AH ER ....QCOM Down 4.06%, CRUS Down 6.68%
TRIP Down 11.05%, FB UP 5.62%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE braved all the international events of two Jets blown away & Tel Aviv airport being shut down by making new all time closing high in S&P 500. Earnings are mixed tonight. Chinese July Flash PMI came in @ 52 vs expectations of 51, 52 is an 18 month high. Internals were weak in Nasdaq which is not a good thing.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Stocktrader,
Sold FB @$76.50
Saleem
Hey Saleem,
FB was such a good quarter--you nailed it! I might actually be a buyer on a gap fill down to $72ish.
Stocktrader
Hey Saleem,
I didn't get to listen to the entire NXPI conference call, but it looks like their current execution is good and future opportunity is still bright. It's a nice contrast to QCOM today.
I'm interested to hear some DHI commentary on their call starting at 10:00 AM. Did we see any kind of pickup recently?
AAL looked fine but noisy. They are just starting their return to shareholders and still have many synergies to achieve from the merger. I expect the call at 1:30 PM to highlight these points.
I almost bought some MOS yesterday, and might try to sneak some POT conference call today @ 12:00 AM.
I wonder if the car market has momentarily paused--GM conference call at 10:00 AM. I might try to listen in some.
PFPT reports after the bell--this is a big one for me! FTNT looked good last night, but in listening to the conference call some, it isn't directly translatable to PFPT. I believe the great momentum from Q1 continued, but always a chance the market reacts strangely.
All this plus some errands I need to run today!
Stocktrader
Hi Stocktrader,
Bought GM @$36.40
Saleem
Hey Saleem,
Just got back from being out for a while. Good luck with GM. Did you get a chance to hear any conference call comments?
Stocktrader
Hi Stocktrader,
No I did not listen to FB or GM cc.
Saleem
Hi Stocktrader,
Sold MU @ $34.01
Saleem
Hey Saleem,
It looks like AAL estimates have to come down due to mostly international issues. I'm not sure how to play that because it's so cheap already. I think I'll trim some and see what happens because the upside is likely limited for now.
Stocktrader
Hi Stocktrader,
Good luck with your strategy with AAL....
Saleem
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