Indices closed UP.
S&P 500 @ 1893.36, high 1902.96, low 1873.65
RSI @ 40.93
CMF @ -0.071
Internals were :
UP volume led by 1.31 to 1 in NYSE & .98 to 1 in Nasdaq
Advancing stocks led by 1.99 to 1 in NYSE & 1.12 to 1 in Nasdaq
Net new 52 wk lows were leading by 81 in NYSE & 158 in Nasdaq
VIX Down 2.99% @ 22.42
Oil @ $33.22
Gold @ $1116.10
Stocks which closed 1% or more AMZN CNQ FB SBUX
GOOG LNKD LULU COH LVS NFLX DNKN CMG
SU CRUS MSFT LRCX AMBA MCD UA CCJ
DATA ORCL WYNN GS AGU MLNX......
AH ER...AMZN Down 13.43%, MSFT UP 4.22%
AMZN earnings report was a huge miss on EPS....
Q4 Sales actual $35.75 billion, estimate $35.93 billion
Q4 EPS actual $1, estimate $1.55
Q1 guidance Sales $27.75 billion, estimate $27.65 billion
Conference call offered no real explanation of EPS miss, just the way business is , sometimes it exceeds expectations, sometimes it does not, Q4 went the other way......
AH futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE closed higher after being down after open.Oil is continuing its rally which has helped sentiment. This is a difficult environment to make money and must be diversified in strong stocks, that sector has its own weak stock. IF a strategy does not work or results are not as expected, one should move on to next best idea.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Sold BAC @ 13.68
Weakening economy and lower chances of rate hikes leaves financials with few catalysts.
Stocktrader
Hi Saleem,
Sold URI @ 46.44
Earnings and outlook were very poor. It could rebound on higher oil at some point, but needs to find its footing first.
Stocktrader
Hi Saleem,
Wow, big up surprise Chicago PMI today...so many conflicting signals every day. If it wasn't for the fact that negative individual surprises are still being punished so severely, it would be much easier to just buy my favorite stocks and forget about the noise. As it stands, there's too much risk still I feel.
Stocktrader
Hi Stocktrader,
Bought MSFT @ $54.46.
Yes data contradict each other.
Next week jobs report will cool fed focus.
Saleem
Hi Stocktrader,
Bought CTSH @ $ 62.83.
Saleem
Hi Saleem,
Good luck with both stocks breaking above some moving averages.
Stocktrader
Hi Saleem,
Bought TMF @ 87.25 as a play on dropping rates.
Stocktrader
Hi Stocktrader,
Good luck with TMF, it made a "golden cross"
Saleem
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