Indices closed down.
S&P 500 @ 1882.95, low 1872.70, 1916.99
RSI @ 38.84
CMF @ -0.074
Internals were :
Down volume led by 1.20 to 1 in NYSE & 3.40 to 1 in Nasdaq
Declining stocks led by 1.66 to 1 in NYSE & 2.38 to 1 in Nasdaq
Net new 52 wk lows were leading by 28 in NYSE & 82 in Nasdaq
VIX UP 2.71% @ 23.11
Oil @ $32.30
Gold @ $1116.30
Stocks which closed green included CNQ
NTES JCP LULU COH LVS AAL M
MCD ABX SLW GG AEM MS
MLNX....
AH ER...FB UP 12.12%, EBAY Down 12.26%,
NOW Down 19.69%
AH FB reported Q4 Sales @ $5.84 billion vs estimate of $5.37 billion
Q4 EPS @ 79 cents vs estimate of 68 cents
ARPU @ $3.73 vs estimate of $3.43
Mobile revenue @ $4.51 billion vs estimate of $4.09 billion
Mobile revenue was 80% of all Ad revenue
1.59 billion users worldwide......
All in all a "superb earnings report"
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed statement of leaving March increase on the table jolted markets badly. Tonight IBD is changing its market outlook to "market under pressure ". Despite heavy selling after 2 PM, internals were not too negative. I believe TAPE should find its footing with FB excellent report. Buying strength has been a winning idea and should be pursued with conviction.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Amazing FB report, so much better than even high expectations!
URI was very disappointing. I'll be looking to sell at any good price.
I'd seen the peak of NOW for a while now :) SPLK is very different and still in early innings. I may consider adding more in the $40-$45 range if it drops that low at some point ahead of earnings.
I personally am tired of oil or the Fed or China driving stock prices of companies that have nothing to do with any of that--I think the end of day little rebound was some of that from other investors too. I hope FB wakes up people even more to the fact that some companies are really just doing well.
Stocktrader
Hi Stocktrader,
Thanks for your comment about FB.
BABA came out with a beat on Sale and EPS an hour ago.
Yes it is painful to see many stocks getting crushed on oil, fed and China.
We all wish stocks trade on their fundamental and technical picture.
Saleem
Hi Stocktrader,
Sold BABA @ $ 67.64.
Saleem
Hi Stocktrader,
Sold BITA @ $ 18.60.
Saleem
Hi Stocktrader,
Added 200% AMZN @ $ 607.99.
Saleem
Hi Saleem,
Wow, was out for a morning appointment and quite a lot happened!
Nice pickup on AMZN--good luck tonight, looks to be shaping up nicely!
Stocktrader
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