Indices closed @ low of the day.
S&P 500 @ 2061.05, low 2061.05, high 2097.43
RSI @ 44.77
CMF @ -0.059
Internals were :
Down volume led by 3.07 to 1 in NYSE & 5.88 to 1 in Nasdaq
Declining stocks led by 2.80 to 1 in NYSE & 4.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 18 in Nasdaq
VIX UP 13.36% @ 15.44
Oil @ $49.21
Gold @ $1199.30
In my portfolio :
Sold MU @ $26.56
Bought VDSI @ $22.42
Added 60% LULU @ $61.63
Added 125% SWIR @ $33.23
AH ER...RHT UP 5.17%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
Before open, LULU reports, expectations are :
Sales Q4 $601.86 million, EPS 73 Cents
Guidance expected Q1 Sales $441.88 million, EPS 39 cents
Despite extreme pessimism in LULU from pundits, i expect a beat on EPS.......
About market, TAPE was "ugly" today and closed @ lowest level fractions included, S&P has close @ absolute lowest point 3 day's in a row, an extreme rarity in any TAPE. Dow & S&P 500 both closed below 50 DMA, IBD has changed its market outlook to "market under pressure". I think we are approaching an excellent "buying environment"........
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
Swapped M @ 63.40 for C @ 50.80.
I like how C came through on the stress tests, and it looks like the yield curve is steepening against some people's expectations.
Stocktrader
Hey Saleem,
Sold NXPI @ 96.007.
I may have exited a bit early today, but I think the semis will remain heavy and wanted to free up the cash for other investments.
Stocktrader
Hi Stocktrader,
C has behaved much better.....
Good luck with C....
Saleem
Hey Saleem,
Added to SPLK @ 59.331.
I needed some more business/cloud software exposure after RHT's nice report, but missed the move on PANW/PFPT this morning. I think SPLK is flying under the radar as other software areas get more press coverage and is still in very early innings of growth.
Stocktrader
Hi Stocktrader,
Good luck with add on in SPLK.
Saleem
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