Indices closed mixed.
S&P 500 @ 1990.20, low 1986.73, high 2020.86
RSI @ 49.92
CMF @ -0.080
Internals were :
UP volume led by .88 to 1 in NYSE & 1.07 to 1 in Nasdaq
Advancing stocks led by 1.55 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 32 in Nasdaq
VIX Down .98% @ 21.14
Oil @ $46.90
Gold @ $1117.00
Stocks which closed green included FB FIT VDSI
AMBA FEYE GOOGL SWIR GPRO LEN JKS
CSIQ AMZN EXPE SU MA HIMX LSCC
QIHU AAL ABX SLW GG AEM Z......
AH ER..ADBE Down 2.03%, TXN UP 1.18%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed action surprised majority of predictors, most were positioned for an increase and were positioned for a market slump, High Frequency traders even wrong, but had the muscle to bring the market in their direction, thus a mixed close. Tonight IBD is changing its market outlook to "uptrend under pressure". I expect TAPE to be positive by close on Friday.
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hey Saleem,
Bad timing on my FCX purchase. They announced completion of the at-the-market secondary as I thought they might, but they announced another one right away. Add that to the fact that the weaker $ is not helping commodities at all and I really messed that one up!
Stocktrader
Hi Saleem,
Bought X @ 13.54 based on AKS's guidance and potential for positive catalysts given the extremely negative sentiment.
Stocktrader
Hi Saleem,
Bought AMBA @ 71.10
Stocktrader
Hi Stocktrader,
Good luck with X & AMBA.
FCX should be OK long term.
Saleem
Hi Stocktrader,
Sold FIT @ $41.90
Bought BIDU @ $144.99
Saleem
Hi Saleem,
Amazing ride on FIT--congrats!
Good luck with BIDU--I'm hoping to buy some BABA on Monday after the lockup pressure abates.
Stocktrader
Hi Saleem,
Sold FCX @ 11.044
Failed breakout, copper falling again, another secondary to pressure stock and depress potential earnings. Need to move back to sidelines :(
Stocktrader
Hi Stocktrader,
Good luck with your next move.
Saleem
Hi Saleem,
Sold X @ 13.20
The stock is hitting new 52-wk lows even after AKS's guidance (and AKS rolled over too). It looks like more pain to come...
Stocktrader
Hi Stocktrader,
Good move to react to negative action.
Saleem
Hi Saleem,
Rebought TZA hedge @ 11.31.
Ugh, was wanting a better price for hours. It just kept creeping up.
Stocktrader
Hi Stocktrader,
Good luck with TZA.
Saleem
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