Indices closed near high of the day.
S&P 500 @ 2108.57, high 2110.60, 2094.08
RSI @ 53.37
CMF @ 0.090
Internals were :
UP volume led by 4.31 to 1 in NYSE & 1.97 to 1 in Nasdaq
Advancing stocks led by 2.69 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 10 in NYSE & 17 in Nasdaq
VIX Down 6.99% @ 12.50
Oil @ $48.79
Gold @ $1092.60
Stocks which were UP 1% or more included FB RAD
AEM TSL FEYE LNKD BIDU COH LEN JKS
CSIQ SINA CMG SU EBAY MA V FSLR
SPWR YNDX AMCC LSCC OTEX
GMCR X STLD ABX SLW GG
AEM CCJ MGA.....
AH ER.. FB Down 3.33%, WFM Down 11.29%
QRVO Down 15.01%
FB ER was a beat and had excellent growth in users and mobile. Ad revenue was above expectations, expenses rose as planned, expect a recovery in stock price on Thursday.
NXPI reported @ 8 PM after close of AH trading, it was a beat in EPS by 7 cents, revenue slightly lower, cc @ 8 AM.
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, S&P 500 is above 200 & 50 DMA, Nasdaq is above 200 & 50 DMA, Dow is still below 50 & 200 DMA but ready to take out 200. TAPE confirmed this uptrend by being UP back to back, now it can digest gains which will be normal. It is interesting how earnings are treated in the market place, not a good picture for me so far.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Stocktrader,
Sold NXPI @ $96.80
Saleem
Hi Stocktrader,
Bought GPRO @ $61.06.
Saleem
Hi Saleem,
Great move on NXPI. They are executing really well, but their industry is still challenged. I am skeptical of GPRO, but that could be fuel for the upside.
Stocktrader
Hi Saleem,
I have camp dropoff for the kids every morning this week. I hate how much I miss during that key first hour--was plenty of opportunities around it seemed.
Stocktrader
Hi Stocktrader,
I am throwing darts and see where it sticks, most of the time dart falls to the ground.
Saleem
Hi Saleem,
Bought DATA @ 107.83.
The risk/reward looks favorable now that a new buy base has been established.
Stocktrader
Hi Saleem,
Bought FCX @ 12.18.
I needed some commodity exposure and there seems to be some company-specific catalysts that could come up, as well as potential stimulus out of China.
Stocktrader
Hi Saleem,
Bought FB @ 93.387
It looks like we've settled down the trading some and the earnings power is better today than we thought last night. I think downside is limited, but upside could be surprising still.
Stocktrader
Hi Saleem,
AAII bullish sentiment down 11.4% to only 21.1%. Bearish sentiment +15.1% to 40.7%. WOW--be a buyer!
Stocktrader
Hi Stocktrader,
Good luck with FCX,DATA & FB.
YES Bearish indicator is a buy signal.
Saleem
Post a Comment