Thursday, May 12, 2016

Indices are mixed.....

Indices are mixed after being sharply lower, oil was up @ open and indices opened up, but oil went down and indices tanked, now oil is green again and guess what, yes 2 out of 3 are green.

S&P 500 @ 2066.25, high 2073.99, low 2053.13

Internals are negative

Oil UP 39 cents

Gold Down $3.00

Canadian $ UP 23 tick @ .7175

VIX Down 3.13% @ 14.23

Portfolio BIDU CNQ CMG JKS NTES JCP SBUX TWTR

Most stocks are down

@ 2.39 following are green :

CNQ CMG NTES SBUX LNG GOOG PCLN AMZN FB
V MSFT YUM FFIV MCD UA ZG WYNN AGU.....

JCP reports before open on Friday, following are expectations :

Q1 Sales $2.92 billion, EPS loss of 38 cents

Guidance Q2 Sales $2.95 billion, EPS loss 11 cents

This is a battleground for JCP survival, i think it will and
may surprise with a beat on loss ie may lose less than expected....

BLOG does NOT give buy or sell.

Saleem

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