Indices closed @ high of the day.
S&P 500 @ 2062.52, high 2063.55, low 2043.45
RSI @ 55.63
CMF @ 0.150
Internals were :
UP volume led by 4.16 to 1 in NYSE & 3.05 to 1 in Nasdaq
Advancing stocks led by 3.12 to 1 in NYSE & 2.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 124 in NYSE & 54 in Nasdaq
VIX Down 8.07% @ 16.85
Oil @ $50.48
Gold @ $1262.70
Stocks which were UP 2% included BBRY EGO GPRO TSL
FEYE OTEX LNKD GRPN JKS AMZN SU YUM YNDX
V CIEN JDSU FNSR DATA SPLK STLD CSOD CNQ....
AH ER..EXPE Down 8.01%, YELP Down 10.39%,
GPRO Down 15.30%, LNKD UP 7.68%
TWTR UP 9.04%
GPRO beat on Sales & EPS in Q4 by a wide margin, guiding
higher Sales in Q1 and 1 cent lower in EPS...TWTR & LNKD
all guiding light in Sales but are being propped UP.......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE showed strength on higher oil prices. IBD still saying that "uptrend under pressure". Friday is all about Jobs data, expectations are for job growth of 230,000, many are predicting a miss, which will be taken as positive as Fed interest hike will be delayed.TAPE wants to move UP and any weakness in your preferred stock needs to be bought.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hey Saleem,
Bought HUN @ 23.52 based on their plans for capacity expansion (indicating business strength), cyclical exposure, and good valuation.
Stocktrader
Hi Stocktrader,
Added 35% BBRY @ $10.03.
Good luck with HUN.
Saleem
Hey Saleem,
Bought X @ 23.033 based on amazing execution in a tough environment. As oil stabilizes (rises?) and world economic activity picks back up, this has major leverage to the upside.
Stocktrader
Hey Saleem,
Good luck with BBRY!
I am disappointed I have no financials exposure. I almost bought GS a couple days ago--would have worked for sure.
Stocktrader
Hey Saleem,
One of the few things I did this week was trim some YELP @ 57.62 yesterday. Story is in transition although final profitability and valuation is likely still intact. Investors just need to digest that YELP is moving from user/client growth to monetization, and that will likely be bumpy. A partnership with a payments platform would be huge--ordering from local businesses via mobile is probably the way to go for these guys.
Stocktrader
Correction: "One of the few things I did well* this week"
Hi Stocktrader,
Good luck on X.
It was a good move to trim YELP.
Saleem
Hey Saleem,
Bought PANW @ 124.867.
These guys are going to have a spectacular quarter, and while some of that might be built in already, I think this is a decent price to establish a position.
Stocktrader
Hi Stocktrader,
Good luck with PANW, its in the right sector and leading stock.
Saleem
Post a Comment