Wednesday, May 11, 2016

Indices down .50% to .80%.....

Oil is sharply higher but indices are going south and are @ low of the day, this decoupling to the negative side is troubling. US$ is also lower which used to be positive for this market......

S&P 500 @ 2072.39, low 2072.01, high 2083.29

Internals are mostly negative 

Oil UP $1.50

Gold UP $10.60

Canadian $ UP 80 tick @ .7170

VIX UP 3.67% @ 14.13

Portfolio BIDU CNQ CMG JKS NTES JCP SBUX TWTR

Most stocks are down

@ 1.59 following are green :

CNQ JKS NTES TWTR ABX SPWR PCLN AMZN 
TSLA CSIQ SINA SU CHK TK WB CIEN SLW
AEM DATA CSOD ZG.....

NTES reports after close, here are the expectations :

Q1 Sales 7.85 billion Yuan, EPS 14.92 Yuan

Guidance Q2 Sales 8.43 billion Yuan, EPS 14.92 Yuan

Expecting a solid beat......

BLOG does NOT give buy or sell.

Saleem

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