Tuesday, December 8, 2015

Indices mixed....

Indices are mixed after Dow & S&P 500 went below 200 DMA and made triple bottom, higher lows was the story. Oil hit new 7 year low after recovering a bit.

S&P 500 @ 2065.52, low 2052.32, high 2073.85

Internals are negative by 2 to 1 in NYSE & slightly negative in Nasdaq

Oil Down 10 cents

Gold Down $1.90

Canadian $ Down 83 tick @ 64.24...new 11 year low as central bank talked about willingness to go negative interest rates IF needed.

VIX UP 9.03% @ 17.27

Portfolio BBRY CNQ CY FB FIT LULU VDSI

Most stocks are down

@ 2.49 following are green :

BBRY FB LULU VDSI NTES TWTR AMZN LNKD
PCLN GOOGL FEYE NFLX NXPI DNKN EXPE
YELP CRUS AMBA GMCR SPLK DATA
VRX MLNX.....

LULU reports before open on Wednesday, here are 
expectations :

Q3 Sales $482.13 million, EPS 37 cents

Q4 Guidance $689.99 million, EPS 86 cents

Expecting a beat in Q3 and in-line guidance for Q4....

Stock should react positively......i hope..as it is most volatile @ earnings time....

BLOG does NOT give buy or sell.

Saleem

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