Indices closed down.
S&P 500 @ 2165.16, low 2159.75, high 2174.56
RSI @ 63.70
CMF @ 0.263
Internals were :
Down volume led by 1.47 to 1 in NYSE & 1.56 to 1 in Nasdaq
Declining stocks led by 1.38 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk highs were leading by 181 in NYSE & 71 in Nasdaq
VIX UP 8.24% @ 12.74
Oil @ $44.75
Gold @ $1331.00
In my portfolio :
Bought NXPI @ $83.60
Added 100% SBUX @ $57.35
Portfolio CMG NXPI JCP SBUX OLED VRX.....
AH ER....CMG Down 1.93%, SBUX Down 2.66%
SWKS Down 3.76%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
SBUX reported a beat in EPS by 2 cents, but Sales was a miss, actual Sales $5.2 billion vs expected $5.33 billion.Worth keeping in portfolio.
CMG Was a miss of 6 cents on EPS 87 cents vs expected 93 cents, Sales $998.4 million vs expected 1.05 billion.....Keeping in portfolio....
About market, TAPE was under mild selling pressure and closed well above low of the day, this is very impressive considering we were overbought. VIX turned UP 8.24% which is a big relief from lowest close in 2 years. It will be interesting how market close looks like, as most high profile earnings were a miss.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Bought SWKS @ 65.31
Taking a chance on a large dip here. It has reasonable valuation, could be troughing in revenues, and could be a takeover candidate also.
Stocktrader
Hi Stocktrader,
Good luck with your bargain priced SWKS.
Saleem
Hi Saleem,
Trimmed NXPI @ 82.91 to reduce semiconductor exposure after the SWKS add today.
I may have stubbed my toe on the SWKS situation. We'll see how it shakes out as the day goes on.
Stocktrader
Post a Comment