Indices closed lower.
S&P 500 @ 2119.21, low 2115.40, high 2128.49
RSI @ 56.90
CMF @ -0.042
Internals were :
Down volume led by 1.59 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 1.51 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk lows were leading by 136 in NYSE & 33 in Nasdaq
VIX Down .24% @ 12.22
Oil @ $50.36
Gold @ $1103.50
AH ER... YHOO Down 1.84%, AAPL Down 6.85%
CMG UP 1.4%, ISRG UP 12.55%
GPRO UP 1.39%
GPRO ER was beat all the way....
Sales Q2 Actual $420 Million, expectations $395.2 Million
EPS Actual 35 cents, expectations 26 cents
Guidance Q3 $430 to $445 Million, expectations $404 million
Guidance EPS 29 to 32 cents, expectations 22 cents....
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE has entered serious selling, internals remains weak, AAPL earnings will hit Nasdaq hard. Low exposure is the right way to go. Stay with success story, weak stocks will become weaker, it is an extremely selective market. Let us hope, that we do not close @ low of the day on Wednesday.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold PRU @ 88.835
I still fear rates are coming back down which could unwind huge long positions in financials.
Stocktrader
Hi Saleem,
Rebought my GPRO @ 61.36.
I feel like they are really becoming an ecosystem player as they promised. That coupled with the skepticism still probably means another leg higher is coming.
Stocktrader
Hi Saleem,
Sold MOS @ 44.233
It was a try that didn't work out. Barriers to buyout are large in these fertilizer deals, and there's a lot of new capacity coming on in future years. The chart looks tough.
Stocktrader
Hi Stocktrader,
Excellent moves in sell and buying GPRO, hopefully, you have created buying imbalance already.
Saleem
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