Indices closed UP on good earning news and data from Germany.
S&P 500 @ 1994.65, high 1999.40, low 1974.75
RSI @ 61.27
CMF @ 0.095
Internals were :
UP volume led by 1.69 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.76 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk highs were leading by 147 in NYSE & by 69 in Nasdaq
VIX Down 4.16% @ 14.52
Oil @ $81.12
Gold @ $1198.60
Stocks which were UP 1% or more included LULU
QIHU YY YELP EXPE LNKD BIDU KORS
COH AMZN FFIV MA V FEYE ARUN
AMCC CIEN JDSU PANW GMCR
SPLK SBUX DATA CSOD
AGU......
AH ER ....EGO reported the following number as expected by me :
Sales expected $277.38 million, actual $241.2 million
EPS expected 6 cents, actual 5 cents
EGO all included cost for gold is $735 per oz
Cash operating cost for Gold is $488 per oz.......both among lowest in industry
This is an excellent report when big players like GG & AEM all
reporting losses in same environment.... EGO AH UP 1.49%
SBUX Down 4.55%, EXPE UP 2.43%
LNKD UP 3.43%, GPRO UP 15.46%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE has regained its momentum for several days now, we should be looking @ new all time high in S&P 500, Dow & new 14 yr high in Nasdaq in short order. Sometimes doing nothing in turmoil may be more productive as TAPE regains its momentum in no time. Friday should be a good day to see further reward of strategy & conviction.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Interesting move out of Japan last night! I would think it'd help materials most, and hurt some international manufacturers to do increased competition from Japan. I think the pricing pressure in the auto sector is likely to get worse now, and we'll probably start to see those complaints again from the US auto companies like GM and F.
Stocktrader
Hi Stocktrader,
Japanese economy is stagnating big time, abenomics 1 and 2 has failed to prop up..let's see where this goes..
Saleem
Hey Saleem,
I am tempted to buy some AKS ahead of earnings next week.
Stocktrader
Hi Stocktrader,
AKS has raised prices which should help its bottom line.
Good luck with your decision.
Saleem
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