Indices closed mixed.
S&P 500 @ 2169.18, high 2173.54, low 2160.18
RSI @ 63.35
CMF @ 0.441.....highest level in 5 months
Internals were :
UP volume led by 2.01 to 1 in NYSE & 2.36 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 205 in NYSE & 137 in Nasdaq
VIX UP 1.40% @ 13.05
Oil @ $42.92
Gold @ $1320.80
Stocks which were UP 1% or more included JCP
NTES PANW SPWR EGO GG ABX JKS KGC
BIDU NXPI LVS NFLX YHOO EBAY SSYS
CHK WB LNG FSLR MU CIEN AAL TCK
SLW AEM CRUS SWIR MGA FCX ZG
WYNN AGU.....
AH ER..TWTR Down 10.89%, AKAM Down 12.21%
PNRA UP 3.9%, AAPL UP 6.81%
AAPL earning report was a beat in Sales and EPS, AAPL is guiding higher for this Quarter.
AH futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its resiliency by erasing most of the losses and actually closed green, only Dow lagged slightly to close in red. AAPL lit the fire by beating in all metrics closely followed by all analysts, expecting much higher target price on AAPL. FB NXPI, BIDU are on tap for earning confession, most should be minor beat. Fed statement @ 2 PM, should be bullish for equities.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
It was a wise decision to sell NXPI and buy AAPL. I was bit skeptical of AAPL earning, since everyone thought AAPL would miss the earning. I rarely buy a stock before earning. It is quite risky. But you played it very well. Timing is very important. I see OLED is up 7%. Today is a good day for you. I have not invested fully. Waiting for a pull back. But it seems the market keeps on going higher and higher. Good luck with your investing strategies. Thanks for the blog and thanks for sharing your trades.
Joseph
Hi Joseph,
Thanks for your comment, much appreciated.
We all have our own trading / investing style,which has built in strength and weaknesses.
Yes...it is a very good day for me, thanks to AAPL and OLED.
Sometimes extreme negative sentiment encourages me to take a plunge which AAPL had.
Good luck with your strategy.
Saleem
Hi Stocktrader / Joseph
Sold OLED @ $72.00
Bought NXPI @ $87.29
Bought CNQ @ $29.70
Saleem
Hi Saleem,
Good luck with the swaps. There is a lot of movement under the surface of the market even though the averages ex-AAPL are nearly flat today. If you can catch the right moves consistently, you can get 5-10% swing moves every time.
Stocktrader
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