Indices closed down.
S&P 500 @ 2087.79, low 2077.52, high 2089.37
RSI @ 61.41
CMF @ 0.146
Internals were :
Down volume led by 3.07 to 1 in NYSE & 1.78 to 1 in Nasdaq
Declining stocks led by 2.04 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 32 in NYSE & 20 in Nasdaq
VIX UP 6.51% @ 14.08
Oil @ $42.64
Gold @ $1240.20
AH News....CNI Down 5.29%, CTRP Down 11.48%
SANM UP 8.33%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is in digestive mode of tremendous gains, Nasdaq has been down 3 day's in a row. Internals of market was mixed which is a good thing. Tuesday after hours AAPL is reporting, again reaction will be based on results and guidance, Many famous stocks are facing selling prior to earnings, how far they fall may create a cushion IF they disappoint. Selling was orderly today and Tuesday may not be any different due to earnings after hours or Fed meeting handicapping.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Overall the NXP call was not particularly impressive from a sector growth perspective, but management remains adept at managing the challenging semiconductor environment and their high value added products continue to see new orders. They remain as aggressive as possible with the share buyback (buying shares this quarter at avg 71.xx) in the context of still trying to lower overall debt. The merger synergies are on track and remain one of the biggest medium-term reasons to invest here.
Stocktrader
Hi Stocktrader,
After the earning report NXPI was down. Now it is up and flying.The same thing happened for URI too. I can see your strong personal conviction in these stocks. I am happy for you.
Good Luck
Joseph
Hi Stocktrader,
Thanks for cc update.
Good report for NXPI considering everything.
Joseph,they report @ 8PM.after hour.it was down before earnings.
Saleem
Hi Joseph,
Thank you for the kind words!
As Saleem mentioned, they released @ 8 PM although NXPI had several trades happen down in after hours in anticipation of the release.
I have finally recaptured break-even on the year after some disastrous moves initially in the falls of LNKD, RLYP, URI, and others I probably can't/don't want to remember right now :) I am glad the market is back on track!
Stocktrader
Thanks Saleem for the NXPI update.
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