Indices closed mixed.
S&P 500 @ 2091.70, high 2096.87, low 2085.80
RSI @ 62.60
CMF @ 0.104
Internals were :
UP volume led by 3.55 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 3.43 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & 30 in Nasdaq
VIX Down .85% @ 13.96
Oil @ $44.04
Gold @ $1243.40
Stocks which closed UP 2% or more ABX JKS QRVO TWTR
NXPI SPWR GG COH CSIQ SINA MU AMCC CIEN
SLW VRX.....
AH ER...FTNT UP 9.89%, CMG Down 4.31%
TWTR Down 13.46%, AAPL Down 7.91%
Earning reports from TWTR and CMG was mixed, EPS better than expected in both but Sales or Sales guidance was lower than expected. Both TWTR and CMG are displaying some improving metrics, i intend to hold both as reaction in TWTR is way overdone IMHO.
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mixed despite earnings & fed jitters, Nasdaq closed down 4 day in a row.Internals were strong. Earnings tonight are mostly negative and Nasdaq is set to open low. Techs are not the place to be and may take until Q4 to show some strength. Again, look @ your own comfort level in any stocks especially when they are not meeting your expectations. So far, my diversified portfolio has compensated for the weak back to back earnings report in technology.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Stocktrader,
Sold ABX @ $16.59
Doubled my position in BIDU @ $185.01
Saleem
Hi Saleem,
Good luck with the repositioning. Amazing how well you continue to do with the ABX trades!
Stocktrader
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