Indices closed down.
S&P 500 @ 2168.48, low 2161.95, high 2173.71
RSI @ 63.16
CMF @ .370
Internals were :
Down volume led by 1.94 to 1 in NYSE & .85 to 1 in Nasdaq
Declining stocks led by 1.69 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & 93 in Nasdaq
VIX UP 7.07% @ 12.87
Oil @ $43.13
Gold @ $1319.50
AH ER..LVS UP 4.5%, TXN UP 6.16%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE sold off on oil's weakness. Nasdaq fought back to an almost breakeven close, which defines strength.Fed starts its monthly meeting on Tuesday with an statement on Wednesday @ 2 PM, too much focus on statement nuances. AAPL AH will set the tone for smartphone industry, TXN tonight had an outstanding earnings report, that gave lift to some semiconductor stocks in AH. Weakness to be bought for a sharp upturn.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Sold NXPI @ $86.00
Bought AAPL @ $97.09
Saleem
Hi Saleem,
I am tempted to sell off some semi exposure also. TXN might mark the top of sentiment for this earnings cycle.
Good luck with some AAPL tonight! :)
Stocktrader
Hi Stocktrader,
AAPL is 23.42% of my portfolio,only second to CMG in weighting.
Good luck with your strategy on semi.
Saleem
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