Indices closed near high of the day.
S&P 500 @ 2093.25, high 2095.60, low 2069.09
RSI @ 49.02
CMF @ 0.037
Internals were :
UP volume led by 6.32 to 1 in NYSE & 3.23 to 1 in Nasdaq
Advancing stocks led by 2.71 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk lows were leading by 154 in NYSE & 119 in Nasdaq
VIX Down 13.85% @ 13.44
Oil @ $47.98
Gold @ $1096.40
Stocks which were UP 3% or more included LULU NXPI TWTR VDSI LNKD TSLA SWIR MU JKS CSIQ CRUS X STLD
SLW CCJ Z .....
AH ER...BWLD UP 8.89%, PNRA UP 7.95%, CTXS UP 3.76%
AKAM Down 10.39%, TWTR Down 11.47%,
VDSI Down 11.49% YELP Down 17.04%
ER from TWTR & VDSI were a beat on Q2 Sales & EPS, but guiding lower for Q3 / Year VDSI i am keeping as it is guiding slightly lower for the year, TWTR prospects are dimmed based on their prediction of "no user growth in 2015" TWTR to be pruned out of my portfolio first thing.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE staged a major oversold bounce and repaired many technical indicators including CMF, which is green since first week in June. Dow is still below 50 & 200 DMA, S&P 500 above 200 DMA but still below 50 DMA, Nasdaq above 50 & 200 DMA. IF we get a green close, chances of which is "extremely high"...we are all set to move higher.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Stocktrader,
Sold TWTR @ $33.
Saleem
Hi Stocktrader,
Doubled my position in FB @ $94.85.
Saleem
Hi Saleem,
Really great swap. Good luck tonight with FB!
DATA's report and guidance were fine, but price action is horrible based on a few small details. It makes me nervous for the high growth stocks in general...
Stocktrader
Hi Saleem,
Sold TDOC @ 31.524 to take profits, especially when other high growth stocks are getting hit today.
Stocktrader
Hi Saleem,
Sold SPLK @ 67.916
Stocktrader
Hi Stocktrader,
Yes..it is a crazy market, DATA is being clobbered when everything looks good.
Good move in selling TDOC & SPLK.
Saleem
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