Indices ignored IBM dismal earning & closed higher.
S&P 500 @ 1904.01, high 1905.03, low 1882.30
RSI @ 42.18
CMF @ -0.091
Internals were :
UP volume led by 3.17 to 1 in NYSE & 5.06 to 1 in Nasdaq
Advancing stocks led by 2.80 to 1 in NYSE & 2.29 to 1 in Nasdaq
Net new 52 wk highs were leading by 10 in NYSE & lows by 15 in Nasdaq
VIX Down 15.55% @ 18.57
Oil @ $81.91
Gold @ $1244.70
Stocks which were UP 2% or more included EGO LULU MU
LEN BBRY JCP QIHU YELP TWTR EXPE YHOO BIDU
PCLN KORS AAPL OWW WUBA RVBD COH JKS
CSIQ DNKN EBAY WB FSLR SPWR INVN
CRUS CIEN FNSR GMCR ABX SLW
AEM TRLA Z TRIP MLNX....
AH ER AAPL UP 1.49%, CMG Down 4.35%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE ignored bad earning report, which showed that this market is on the mend. It is not going to be easy straight UP anymore, volatility remains high. Stay diversified and be in defensive stocks. Previous high fliers are more vulnerable in my opinion. Boring & ignored stocks is a better way to navigate this TAPE.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
Things really feel good again like there's a solution to every problem and, as usual, the good companies are finding ways to make money in any environment.
It is tempting to buy back the cyclical exposure, but I wonder if waiting for a pullback is a better idea? Year-end chase feels like it is starting...
Stocktrader
Hi Stocktrader,
Market is good, so join the party.
Saleem
Hey Saleem,
Sold BWLD based on some commentary from CMG about cost pressures. Got 1/4 sold first thing today @ 132.81, but none of the rest sold there. Finally took 131.41 just now for the other 3/4.
Stocktrader
Hi Stocktrader,
Good move in selling BWLD.
Good luck with your Strategy.
Saleem
Hey Saleem,
An interesting note on NXPI intraday:
12:36 EDT NXPI, SSNLF, AAPL
theflyonthewall.com:
NXP Semiconductors loses Samsung Galaxy phone NFC business, NFC Times says
NXP Semiconductors (NXPI), which recently was awarded business from Apple (AAPL) to supply the near-field-communications secure elements for the iPhone 6 and 6 plus, saw its chips replaced in Samsung's (SSNLF) Galaxy handsets, including the Note 4, with chips made by one of Samsung's internal units, according to NFC Times. Reference Link :theflyonthewall.com
Stocktrader
Hi Stocktrader,
Thanks for news on NXPI..net impact is what matters.
Saleem
Hey Saleem,
Yes, everything AAPL is doing well today. It's just something to have in your back pocket.
Stocktrader
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